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Pfizer Inc. Message Board

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  • carolharold123 carolharold123 Jan 30, 2013 7:01 PM Flag

    I just sold short 5,000 shares of Pfizer


    You have to love it. Using something that only tells you the past to predict the future. Then use it for an investment that has a possible unlimited loss. Screw fundamentals.

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    • Frankly speaking, the fundamentals at this point in time just aren't that red hot. Management just gave midpoint guidance to $2.25 in non-GAAP earnings for 2013 as compared with $2.19 in 2012. At $27.50, Pfizer now fetches about 12.2 times forward earnings. It's not a huge multiple to be sure but still for years and years the company was selling at multiples of 8 and 9.

      AAPL is now selling for just a 10 multiple of forward earnings and if AAPL's multiple is merely 10, then by no means is Pfizer cheap at 12.2 times the 2013 expectation. The stock has risen by 18% since mid-November and in markets where the stock isn't coming off of crash lows, this is about as much as the company moves up in a three-month period.

      In theory the risk may be unlimited but in actual fact, it is quite limited and quite small here in the $27.50 area with an RSI reading of 75 when I put in the order.

      Sentiment: Hold

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