Who needs a 0.5% CD when you can buy PFE yielding north of 4%? Plus another dividend increase coming soon. Anyone see a negative near-term event or board/management decision that could shake the 'safeness' of this stock?
The only thing I am worried about are the layoffs they will announce for the US sales team on the 20th. I am very worried as to why they would not give an exact number. Usually that means a lot more than they want the public to know. The stock go hit hard when they mentioned they were getting rid of 300 drug reps in Canada due to declining sales and market share. To play it safe, I am planning on selling probably on the 18th of Dec (going to lock in my 15% cap gains tax) and will buy back after they make the announcement on the 20th. If it turns out they are getting rid of half their sales force, that will be really bad. I waiting to buy in after that. Also, it looks like an insider just sold 100k shares, that is not a good short term sign either. However, with 10 billion set to buy back shares, we should have a stable 2013. Just remember, the stock is at a 5 year high and has basically doubled over the past two years on declining revenue, there could be a small pullback.