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 |
