Abbott Laboratories: Long-Term Optimism, Short-Term Overvaluation

Core Insights - Abbott Laboratories is a global-diversified healthcare company with a history dating back to 1888, focusing on developing, manufacturing, and selling healthcare products worldwide [1] - The company operates through four main segments: Established Pharmaceutical Products, Diagnostic Products, Nutritional Products, and Medical Devices, with Medical Devices being the largest segment [1] Segment Analysis - Established Pharmaceutical Products: This segment includes a range of established medications that contribute to the company's overall revenue [1] - Diagnostic Products: Abbott's diagnostic offerings play a crucial role in healthcare, providing essential tools for disease detection and management [1] - Nutritional Products: The nutritional segment focuses on products that support health and wellness, catering to various consumer needs [1] - Medical Devices: As the largest segment, Medical Devices encompasses a wide array of innovative products that enhance patient care and treatment outcomes [1]