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

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

PFE 24.42

-1.9%

Nov 20 3:59 PM EST

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To: MisterED who wrote (629)	3/21/1998 2:42:00 PM
From: gates jr	Read Replies (1) of 9523

There is a considerable amount of hype regarding VIAGRA now that FDA approval seems imminent. PFE is a top notch pharmaceutical company with a tremendous pipeline. However, is the PE value of 53 any indication of whether the stock is too high at these levels or will it continue to fly? Word about Viagra has been circulating for a long time, especially when it received a fast track consideration from the FDA 6 months ago, since then the stock has risen from the mid 50's to the low 90's. Does anyone think that Viagra has been factored into the current stock price or not. In other words, should I consider selling on the news, ie when FDA approves the drug, and hope to get in at a lower price?

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