Down for last 3 days,and it doesn't get out of $16 no matter what the market does. Today MRK UP $0.47, SGP UP $0.21 and BMY UP $0.16 while PFE DOWN $0.16
Acquisition jitters or just plain stupid management of Kindler to grossly overpay $68B for the old hag WYE?? Acquisition is expected to be completed before the end of OCT,09. Only way this stock can go up is when they announce the earnings on OCT 20th, they should also announce the increase in the dividend by atleast $0.16
Charty.. I told you about this yesterday in my message that Actavis challenges PFE with a generic version of Lipitor in Europe. That should not really cause that serious threat as they said it wasn't going to be much cheaper than lipitor. MRK has its own problems of patent expiration and drug recall but somehow it is being looked upon favorably.
what you dont understand is that WYE is an old stuff. GENZ, GILD or AMGN are new biotech companies and are perceived to be GEMS, and acquisition of one or two out of them would had shot up PFE's stock price way up even if they had to pay $80B for both GENZ and GILD.
it has been lipincot. even they sign the deal wye,layoffs and other will occur,it will take years to put the joint companies on track again. the only people who would profit is not charty and alike,it would be the head masters as usual,simple politics;)LOL.