MRK, SBH, even MTC been very good to me. But I never owned any PFE. I think I remember you saying it was your largest holding. Think current downdraft is buying op? Say at 34? Think they will succeed stealing bride from altar? If so, will it be a good thing? OT, notice how IMGN is starting to creep up? And hasn't this board fallen apart? Its like a chat room for 13 yr old boys. Its not even funny like Amp was. Well anyway, hope your making money. -BB
I have owned PFE for many years. I have not made further purchases since early in 1998. I still think they are the best run drug company in the business.
I used to say without a second thought that they had the best pipeline. I can't anymore. They have had set-backs with Alond, Zeldox and Trovan (even though that was a marketed product, they were researching other indications).
The move for WLA became an unbelievably expense grab for Lipitor.
PFE sure looks tempting at $34. But I can't tell you that it's a steal at this level. I don't know how this will shake out. If they end up paying $108 billion for WLA, it seems hard to say that WLA's earnings, current and future, justify the dilution.
I bought AZN last month. Based on everything prior to yesterday, I felt it was the best buy in the biz (along with MRK under $80).
Good luck. I own at least a small amount of just about all the big pharms. Maybe that's the best strategy now. Nice job if you made money on Monsanto. You had to time that one well. I never even tried.