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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: BigKNY3 who wrote (3979)7/7/1998 5:10:00 PM
From: B.REVERE  Read Replies (3) of 9523
 
PFE Earnings-2nd Quarter '98-----My original estimate was .47
before the contest started. I'm upgrading it to .53 for the
following reasons:

1) 300 mill rev. from viagra sales with little advertizing
expense . Bottom line will be increased closer to a
30 % margin rate rather than standard 20% due to lower rollout costs.

2) Lipitor and Aricept drug sales did exceptionally well. Market
has not recognized value of pfe's marketing alliance with WLA
for lipitor.

3) Would have been .55 but impact from currency exchange rates
will exact a 3-4% reduction to earnings

PFE closed at 111 1/8, up 1 5/8 on a down to flat day for the
markets. Volumn was 3.6 million, below average of daily 5.2 mill.
Rumor on Yahoo board has pfe reporting before the bell, July 13th, in
order to shut out the after market trading crowd. Anyone confirm?If this holds true, look for a major upside surprise come Monday morning.
With most estimates between .42-.44, earnings should come in
at least 10% above expections.

A question for the thread? Is the 2nd quarter usually pfe' slowest
earnings period? Last year's earnings of .35 for q/e 06/97 was by far
their lowest of the year.Quarter over quarter comparisons should
look great to the fundamentalists, justifying pfe' high p/e ratio.
115 will be the major hurdle this week. If it breaks through by
Friday and holds that level, there will no resistance until about
125.

Later,

BR
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