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

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

PFE 25.65

-0.9%

Jan 16 9:30 AM EST

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To: JHC44 who wrote (388)	12/1/1997 12:40:00 PM
From: Howard Bennett	Read Replies (2) of 9523

High P/E for PFE Anyone on this thread concerned about the extremely high P/E that PFE commands? Trailing earnings P/E of around 45 -- an all time high (?). Given the 97 and 98 earnings estimates from Zacks: $1.70 this year $2.01 next year (That's only an 18% increase year-on-year). I understand that historically most drug companies command a premium p/e because of future potential earnings from "killer" drugs coming down the pipeline. But isn't PFE a little ahead of itself here? Just wondering -- please do not crucify me for asking.

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