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Pfizer Inc. Message Board

  • galantfoxjr galantfoxjr Apr 10, 2013 6:15 PM Flag

    Big Pharmas Showing Muscle

    PFE, MRK, and other big pharmas have recently received FDA approvals for some of their new drugs which have had a noticeable positive effect on their stock prices. Is this just coincidental or has the FDA lowered the bar for drug approval?

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    • Pfizer is getting approvals okay, but nothing in the line of Lipitor. Lipitor was a 10 billion dollar medication before it went generic so it will be tough to make up for it. At one time Pfizer was down to just a little over 12 dollars. It has more than double since then, so how much higher can we expect it to go? I'm guessing somewhere in the neighborhood of 32.00$. This is a personal expectation.

    • Finally,the mo' we've been waiting years for.
      Let's remember, PFE was trading in the mid thirties nearly 15 years ago, with a much much price earning multiple. If you just place a market average PE multiple of 15 for next years earnings, you get a stock price of $35.50!
      big money lies ahead for this year.

      Sentiment: Strong Buy

 
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