Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Biotech / Medical : PFE (Pfizer) How high will it go? -- Ignore unavailable to you. Want to Upgrade?

To: gates jr who wrote (687)	3/23/1998 12:36:00 PM
From: Hiram Walker	Respond to of 9523

Gates et all, my family has a few million dollars in this puppy. But I remember 1979,and 1980,when the drug stocks were selling at p.e.'s of 8. Now, I understand we are in a new world order,and fundamentals mean nothing to the upside. But did I ever dream in my wildest fantasy,that PFE would be selling at 19 times sales,16 times book,with a p.e. of 55? If someone said that in 1980, I would have said they need Thorazine. Hey markets really distort reality,and this market is the scariest I have ever seen. But then again lets keep it up,PFE(in more ways than one). Hiram