PFE (Pfizer) How high will it go? | Stock Discussion Forums

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To: Mike McFarland who wrote (7888)	6/11/1999 1:42:00 PM
From: Mike McFarland	of 9498

No comment on the error in my first sentence? Of course PFE has lost a number equal to 50% of it's current market capitilization, silly me-- folks make that error all the time. The loss was of course about a third--and a gain of 50% is now required from these levels to regain it's lofty price. There is an article at iionline today about the valuation of Pfizer...here is the url: iionline.com I guess some bulls like it at $100... The R&D budget is simply amazing, and that is not a point lost on me as I muck down in third tier. However, I will continue to slog around in things which trade closer to book value, surely these little biotechnology companies have to be a great target for pharma in these hard times for biotech financing. And while you hate to see all that paper money deflate in the stock, pharma is still fabulously rich.

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To: James who wrote (7890)	6/11/1999 5:08:00 PM
From: Manly	of 9498

James, Time to buy is when there is blood in the streets! Does anyone remember Omniflox (Abbott) also a quinilone antibiotic? This product did the same thing, recalled and sales ended on it. ABT took a bit of a hit a couple years ago only to respond very nicely. All drug stocks are getting hit lately, has anyone noticed this fact? We own 1500 PFE and will buy more it it approaches the upper $80's pre split. PFE's pipeline is the best in the industry and they have the least number of drugs coming off patent in the next 5 years. Aging population, cheap share prices, best pipeline, best longevity of products, 3 for 1 split approaching, PFE employees buying into their 401K plans, employees just issued options to buy more. Don't let the analysts scare you out of PFE, I work for a competing company and own the same amount of shares as both! You'll look back in a couple of months only to say should of, would of, could of at these prices. $At $33 post split this stock will be rebounding. Someone mentioned DIS stock - absolutely no comparison between a drug stock and entertainment stock like DIS! If you're looking to add a stock to your long term portfolio, PFE is my number 1 pick at these prices! Do your own DD. Analysts want to make money too and will shake you out to get your shares. Glenn

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To: Manly who wrote (7899)	6/11/1999 8:01:00 PM
From: Libbyt	of 9498

I would have to agree with the message from Manly....this is a great time to be buying PFE. " Aging population, cheap share prices, best pipeline, best longevity of products, 3 for 1 split approaching, PFE employees buying into their 401K plans, employees just issued options to buy more. Don't let the analysts scare you out of PFE, I work for a competing company and own the same amount of shares as both!" I would also agree with John Dowd, that the "standard of care" for the medical community would be to not use Trovan as a first choice drug, to use this drug only in a hospital setting, and to use the drug only when other options have been tried. I think there has been too much overreaction to the news on Trovan.... a great time to buy PFE. Libbyt

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