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PFE will NEVER, EVER be valued at 16 times earnings again. Should never have been in the first place.Nor will 15 "be seen".Your $39 to over $40 pie in the sky, wishful thinking will be as far off the mark as was your $35-42 target for 2005!
I've been investing over 40 years and to say it will never see 16 PE again is foolish/naive. Different sectors switch from being in and out of favor often and it will happen again.Having said this I must admit 90% of my assets are in chk,xec,eac and epl all undervalued energy stocks, however I will have large capital gains and need to diversify.This is a good stock on weakness.