PFE (Pfizer) How high will it go? Message Board

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Biotech / Medical : PFE (Pfizer) How high will it go?

PFE 25.73

+2.2%

11:30 AM EST

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To: MARK C. who wrote (5945)	10/13/1998 5:39:00 PM
From: sea_biscuit	of 9523

Good for you that you rode this all the way up from 1976. But I wouldn't chase it at these levels. PFE is in the top decile of price-to-sales, and as a group, high PSR stocks have never done well going forward. This one could get cut 50% and still remain overvalued relative to its growth rate. One should proceed with utmost caution. Of course, if one is DCAing into this over the next 5-10 years, this might be a good opportunity to buy this year's quota of shares at less-than-peak prices... Dipy.

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