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


To: Sonki who wrote (5975)10/13/1998 9:22:00 PM
From: Neil_L  Respond to of 9523
 
The Viagra bubble appears to have been pricked. Who knows where we'll end up once all the air is let out. In the latest SmartMoney, an article about dream stocks lists PFE @ 46 as a fair valuation based on its growth rate. While I am waiting for an entry point, why would anyone want to buy tomorrow at what appears will still be a hefty premium?

Neil.



To: Sonki who wrote (5975)10/13/1998 9:55:00 PM
From: Anthony Wong  Read Replies (1) | Respond to of 9523
 
Sonki, I'm with you <i think if this drops in a big way i would jump in on a big way> but we'd better wait awhile after the analysts have adjusted their estimates (and issued any downgrades) before buying. The following is from a Dow Jones article (see Reply # 5977):

The overall result was a confusing earnings report. Several analysts said they will likely adjust their estimates downward after clarifying certain factors with the company Wednesday.