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Pfizer Inc. Message Board

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  • pfelinok pfelinok Dec 13, 1997 2:58 AM Flag

    good stock but

    I think it depends on how flawlessly they can get Viagra Through the fast-track approval process. If the FDA asks one question and Pfizer has to spend months developing an answer, then I think the stock will drop to $50. It may still take a dive when the correction occurs in the pharma. sector.

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    • I have followed pharma market for 7 years. Unless we beleive they can pull off 40% earnings growth look for this one to pull back to acceptable levels. I agree with your $50 per share and bet we can do that in may or june 1998

      • 2 Replies to mer61877
      • The sale of valleylab for $425 million is the first of what i believe will be a total divestiture of non performing Medical device companies.
        howmedica, AMS, Schneider account for almost a billion dollars of sales but very little revenue.
        Pfizer i believe will concentrate on their strenghths and unload all these companies that were acquired in the early 80's.
        Do not overlook the value of the monies in the pension plans, huge amounts due to their holdings of these stocks.
        the very real potential of a split, if history is any judge, plus the merger mania of Drug companies in their need to pool R&D.
        $100 a share, has to happen.
        profits from these company sales will reflect in p&e ratioes.

      • They have a conveyor belt of new stocks coming out in 98, this as "sure of a thing" as it gets, and no exposure of any consequence to Asia( this will not be settled until 99 or 2000).

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