Abbott Laboratories Is Getting “Cheap” Again

Abbott Laboratories ($ABT) is one of the best performing stocks in American history. The company has averaged about a 14% annualized return for the last 50 years, enough to turn an initial $10,000 investment into more than $8.4 million today.

Abbott is also an inflation-beating dividend growth stock.

And, it’s a company that’s recently sold-off. Meaning Abbott shares are actually cheaper than they were 12 months ago.

I’ve bought Abbott stock during past sell-offs.

And every time I’ve done so, I watch the company rally and wished I’d invested more.

Which is why today’s article gives a quick rundown of what Abbott Laboratories does, and why it’s worth considering for your portfolio.

What Does Abbott Laboratories Do?

Abbott Laboratories is a healthcare company that makes retail products like Pedialyte rehydration drinks and Similac baby formula. The company also produces back-end medical devices like pacemakers, insulin pumps, diagnostic testing equipment, and catheters.

Abbott Laboratories has been in business for over 135 years.

And, Abbott Laboratories operates in over 160 different countries. This is a big, well-established business with a…