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AGN - AbbVie Has It All: Growth Dividend Growth And Compelling Valuation
Allergan plc
Introduction
I have held AbbVie (ABBV) since it was originally spun off from Abbott Labs. Moreover, I have been aggressively adding to my position for clients needing current income and dividend growth. All in all, it has been an excellent performer in spite of the fact that it is being ridiculously undervalued by Mr. Market. No matter what widely accepted valuation measurement I look at, the stock appears insanely cheap.
As of Monday’s close (June 24, 2019), AbbVie was trading at a blended P/E ratio based on adjusted operating earnings of 9.4 offering