I am a serious and patient PFE stockholder as presumably you are also. I would like to share your enthusiasm for this stock but it is becoming increasing more difficult. I don't understand why you think the stock was doing okay before the Zorcor vs. Lipitor results were disclosed and it will go up again soon. The fact remains that this stock is flirting with its all time historic low and the trend over the last four years has definitely been straight downward. The analysts (and I am discounting Cramer) all believe that PFE as well as MRK have very serious issues not the least of which is losing patent protection soon on many of their key drugs. Many analysts don't believe that PFE stock will rebound appreciably in the near future. Now you tell me why I should be so enthusiastic about this stock unless I am willing to wait 5 years or longer for it to reach 40 again.
* The fact remains that this stock is flirting with its all time historic low *
What?!? "All time?" Where do you get that? Take a look at the chart. It is bad, but not that bad.
* Many analysts don't believe that PFE stock will rebound appreciably in the near future. *
Are these the same analysts that said PFE was going higher for the past 8 years? The one that had $42 targets when it was at $38, $36 targets when it was at $32, $32 targets when it was at $28? What makes you think they are suddenly correct in their predicitons?
But I would agree that this is not a stock to be enthusiastic about. There are much better stocks around at this point. With the dividend, PFE might be an OK long-term investment IF they win the Lipitor patent case, but there is little compelling about the Pfizer story at this point.