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TheDumbMoney (54.96)

January 2013

Recs

5

Abbott Labs (ABT) Chart/CAPS Still Not Fixed

January 23, 2013 – Comments (7) | RELATED TICKERS: ABT , ABBV , GOOGL

On January 9th I posted that the ABT historical chart does not accurately reflect the price of the ABT component of the company that was ABT and is now ABT and ABBV.  Rather, on the split date, it shows an approximately 50% drop in "ABT" as if old ABT and new ABT are one and the same, rather than new ABT constituting approximately half of what was old ABT.  Accordingly, everybody who has ABT as a CAPS call suffered a major "loss" on that date, a loss that has still not been recouped.  My pick of old ABT is actually a strong winner, but currently shows a 17 point plus loss.  This is unacceptable.  I suspect that Fool.com uses Google Finance data, because Google Finance is also showing a 50% drop in ABT stock price, without adjusting the historical price to match the reality of the split that took place.  But it needs to be fixed.  Seriously people, ABT's stock did not drop 50% on the split date!  50% of the company became ABBV and the historical price for what is now ABT needs to be adjusted for that!  [more]

Recs

9

CAPS Jumps the Shark?

January 09, 2013 – Comments (17) | RELATED TICKERS: ABBV , ABT , SPY

So CAPS apparently did not properly take into account the split of ABT into ABBV and ABT (the Abbot Labs spin-off of AbbVie).   Really?  Really?  When is THAT going to be fixed?

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