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

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

PFE 25.86

+0.2%

Dec 12 3:59 PM EST

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To: LR who wrote (5684)	9/23/1998 11:33:00 PM
From: Uncle Frank	Read Replies (1) of 9523

>>Do you think PFE makes $0.57 this quarter? Viagra sales down since last qtr. How do they do better than the $0.47 last qtr? Maybe this has something to do with it: >>NEW YORK, Sept 10 (Reuters) -Research-based health care company Pfizer Inc. said Thursday it completed the sale of its American Medical Systems business to private equity investment firm E.M. Warburg, Pincus & Co. LLC for $130 million. Pfizer has 1400M shares outstanding, so the $130M realized in the sale will yield $.093/share. On the other hand, I think the estimate is probably for profits from operations, so let's look at their 3rd quarter versus 2nd quarter in 1997; profits went from $457M to $596M, which is 30%, without Viagra. Besides, I am not sure Viagra sales are down for the quarter. New prescription rates can be deceiving. Yeah, I think they'll post $.57/sh. or better.

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