Is It Too Late to Buy AbbVie Stock?
Investors often have reservations about buying stock in a company that's trading at (or near) its all-time highs. And with a bull market that continues to trend upward, this is the dilemma many of us have faced for almost a year now. But there is one stock in particular that I think is cheap, easy to understand, and capable of rewarding shareholders with ample returns in the future: AbbVie (NYSE: ABBV).
There's one investing mantra I always try to live by: "It's a market of stocks, not a stock market." This essentially means that whatever "the market" overall is doing, bullish or bearish, you can always find individual companies trading at attractive prices. While many of the businesses on the market today don't have the earnings or the growing cash flows to justify their valuations, AbbVie is a different story. Here's why it is not too late to buy AbbVie stock right now.
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Source Fool.com
