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AGN - AbbVie And Allergan: Huge Debt Levels And Doubtful Growth
Allergan plc
In March 2017, I wrote my first and only article about AbbVie Inc. (ABBV), where I especially criticized the huge amount of debt the company had on its balance sheet. In the two and a half years that passed, the stock price actually moved nowhere: at the time of publication, AbbVie was trading at $65, and right now, the stock is trading at $65 again. In the meantime, the stock rallied to about $120 but lost in value again and investors would have gained "only" 12% through dividend payments.