Wednesday, October 16, 2013

The Motley Fool: Abbott A Little Light On Growth, But Margin Improvements Will Unlock Value

Even with sluggish patient volume, reimbursement pushbacks, and the medical device tax, it hasn't been a bad year for the med-tech sector, and there aren't all that many bargains left. Abbott Labs (NYSE: ABT) is certainly not a med-tech pure play (more than 50% of revenue comes from non-device businesses), but it gets grouped into the sector all the same, and this does appear to be one of the few remaining bargains. While Abbott still has work to do on its margins, and more growth in the device business would be very welcome, these shares look like a relative bargain in an increasingly expensive market.

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