AbbVie Inc (BUE:ABBV)

ARS 21100 275 (1.32%) Market Cap: 326.28 Til Enterprise Value: 391.76 Til PE Ratio: 63.33 PB Ratio: 53.42 GF Score: 74/100

Abbvie Inc at Cowen HealthCare Conference Transcript

Mar 04, 2020 / 04:20PM GMT

Transcript

Stephen Michael Scala

Cowen and Company, LLC, Research Division - MD & Senior Research Analyst

Representing the company is Mike Severino, Vice Chairman and President; and Rob Michael, who is Executive Vice President and Chief Financial Officer.

Before we get into Q&A, I'd just like to say that when Cowen looks at AbbVie, we see a company that is delivering on its new product portfolio that is prepared for the HUMIRA patent expiration that has executed brilliantly since its public inception 6, 7 years ago, never having missed an earnings number, offers a 5.5% dividend yield, and sells at 8x 2020 numbers. That seems like a buy to us. That seems like a must-own stock.

Questions & Answers

Stephen Michael Scala

Cowen and Company, LLC, Research Division - MD & Senior Research Analyst

So Mike, with that, the topic, of course, on everyone's mind right now is the Allergan transaction, and the company is saying you'll close in Q1. I mean Q1 is only a few more days to go. So can you talk about the latest relative to the transaction and

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