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Biotech / Medical : PFE (Pfizer) How high will it go?
PFE 25.70-0.1%10:06 AM EST

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To: BigKNY3 who wrote (6787)1/23/1999 10:15:00 AM
From: BigKNY3  Read Replies (1) of 9523
 
PFE Weekly Highlights January 23, 1999:

- A pending Peabody Peak of 121.00 was set on Wednesday (1/20/99).
- PFE announced 4 Qt EPS of $0.54, $0.02 higher than the analysts' Consensus and even with the PFEr Board Consensus.
-The PFE Board did not issue an announcement on the 1st Qt 1999 dividend this week.

PFE Upcoming Events:

-Monday, 1/25/98: WLA announces Lipitor's 4 Qt sales.
-Thursday, 1/28/99: Possible quarterly meeting of the PFE Board ..Watch for a request for additional outstanding shares to enable a 3-1 split.
-Thursday, 1/28/98: FDA Advisory Panel meeting on dofetilide.
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Peabody Observations: 1/23/99

-On a quarterly basis you can always expect one or more newspapers or business publications to publish an article warning about Big Pharma valuations and PEs. They will always quote out a mutual fund manager who "sold all my drug stocks last month" and ignore any manager who is buying Big Pharma.

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MRK took a major hit on Friday with the halting of the Substance P depression clinical trials.
-Click here for a 5 day comparison among PFE, MRK and the Dow.

quicken.com

WLA is also hurting as the FDA requests another advisory board review of Rezulin...Expect a rebound on Monday with the release of WLA earnings and Lipitor's 4 Qt sales.
Click here for a 5 year comparison among PFE, WLA and the Dow.

quicken.com

AMGN has a big early YTD lead over PFE.
Click here for a YTD comparison between Big Pharma leader AMGN and PFE.

quicken.com

Have a PFun Weekend!

BigKNY3

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