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


To: Richard Ogier who wrote (1749)4/28/1998 7:24:00 PM
From: MARK C.  Respond to of 9523
 
Just a note on the good sense of management . The decision not to split at this time is sound in the sense that if it were announced at this time the PE would be 100 by July 1st.



To: Richard Ogier who wrote (1749)4/29/1998 9:44:00 AM
From: Brian Malloy  Read Replies (1) | Respond to of 9523
 
1. I think one should be cautious about extrapolating out to far and building valuation based on best case scenarios. Viagra being a 10B dollar drug is possible, but you must ask yourself how probable?

2. What if the market only ends up being a 5B dollar market?

3. Also, consider that at least one and perhaps two other oral ED drugs are in Phase III. There is too much money to be made here and competitiors will come in, as they have with statins, anti-depressants, anti-histamines and so forth and so on.