What did you make of the $1.5B litigation reserve for improper marketing of Depakote?
ABT’s exposure to Depakote litigation is very old news and most investors probably expected the liability to be close to the amount that has now been reserved, so this is a non-story, IMO.
Depakote has been off-patent for about three years.
“The efficient-market hypothesis may be the foremost piece of B.S. ever promulgated in any area of human knowledge!”