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

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

PFE 25.74

+0.1%

Nov 28 9:30 AM EST

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To: John Chatterton who wrote (1610)	4/25/1998 11:43:00 AM
From: Anthony Wong	Read Replies (3) of 9523

John and all, there's an article "On the Pill" in this week's Barrons, which quoted Larry Feinberg, portfolio pro of Oracle Partners, as saying that PZE is very overvalued and would come crashing down to earth in a market correction (which he thinks is imminent). Said that "investor frenzy is getting slightly out of control" and that the current valuation of the stock is saying that Viagra is going to rack up sales of $10 billion a year. Feinberg is steadily lightening up on his PFE holdings. He thinks that big-cap names have one final wild fling - like the internet stocks - and then crash down to earth. He plans to buy back his favorites, Pfizer and Schering-Plough, after they have corrected (and don't we all want to do that???). Read the article if you've subscribed to Barrons. Nothing that we don't already know, though.

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