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

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

PFE 25.08

-2.7%

Nov 14 9:30 AM EST

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To: HiSpeed who wrote (3110)	6/1/1998 6:19:00 PM
From: DaiS	Read Replies (2) of 9523

HiSpeed or anyone I normally frequent the Vivus thread but I do have some PFE stock as well. In ignorance as a novice investor I bought PFE just because I thought viagra would be a big hit and not paying much attention to the current share price. Can I ask you a serious question, honestly I don't understand this. Even with viagra and new drugs and an EPS growth rate of 20% the P/E ratio is going to take a long time to come down - years. So just why is PFE a good buy? Someone earlier mentioned institution holdings - is this rather than economic consdierations important for the long term. Please could someone enlighten me. DaiS

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