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Pfizer Inc. Message Board

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  • chrttwelve chrttwelve Jul 30, 2010 7:12 AM Flag

    Merck's earnings are imminent

    MRK had a greater fall in percentage terms than Pfizer from both its pre-crash high and its bubble-economy high.

    Earlier in the decade, MRK suffered five consecutive years without a single year of earnings growth:

    $3.14 in 2001
    $3.14 in 2002
    $2.92 in 2003
    $2.61 in 2004
    $2.53 in 2005
    $2.52 in 2006

    Pfizer has never had more than a single down year.

    MRK has also had two incredible fiascoes the last lustrum or so:

    1) Vioxx
    2) Delaying for two years the adverse clinical tests for Vytorin and Zetia

    MRK is also a lot more vulnerable than Pfizer is if government starts immediately taxing the earnings of foreign subsidiaries. PFE already pays a 30% tax while MRK's tax rate is just 25%.

    If they both had to pay 35% or close to it, MRK's earnings would be hit much harder.

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