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

To: ratan lal who wrote (3083)	5/31/1998 10:07:00 AM
From: James Baker	Read Replies (1) \| Respond to of 9523

<<>>> ratan, read the first line again. PFE was NOT a $2 stock gamble at the time 15 years ago. That is the effective price because of all the splits that have occurred in PFE. There is a big difference between stocks selling for $2 and those selling for $30-50 and then splitting often enough to give the wise buyer an "adjusted effective price" of $2/share. You know, the $40 stock splits 2 for 1 and your adjusted price is now $20 per share etc etc etc. Jim

To: ratan lal who wrote (3083)	5/31/1998 12:25:00 PM
From: John Carpenter	Respond to of 9523

PFE was a large company fifteen years ago. There are other companies that have provided similar returns, i.e. KO, G, BMY, etc. The companies seem to have one thing in common. They offer very consistent, almost entirely recession resistant annual earnings growth in the mid to upper teens(20% a year or more in some cases). These companies already had a track record in 1983. If they perform even half as well in the next fifteen years, as in the last, there will be some happy campers on this thread(particularly among those that bought and held).