If you have been in the market as long as I have, there is one thing you should count on. And that is that in 2 days, the earnings are forgotten but what remains is a great company you can buy at a cheaper price. The market is now taking bets on what PFE's next quarter will be and most likely it will be FANTASTIC, especially because they have lowered expectations. Money is coming into equities in droves right now and PFE still remains one of the favorite investments. I expect that PFE any minute now will take off to the upside. Let's see what happens. I am just going to add to my meager holdings. LOL
Maybe, but it is likely to get cheaper in coming days with broker downgrades that are sure to follow. This was a big disappointment to shareholders, and most regret not selling earlier. Any temporary strength will result in selling.
more like....bye bye....can anyone here read a balance sheet ? $9 BILLION in negative net tangible assets
market capitalization $213 Billion.
Gee, could there be an imbalance here ?
what are you talking about they have free cash flow of around 20 billion a year now . Their cash on hand is equal to almost all of their long term debt . Their problem today was explained as currency fluctuations and accounting rules that will push income into 2014 . They lowered expectations for the year by 6 cents but will still pay out less then 50% in dividends plus have one of the most aggressive buybacks of any company . Word has it they will spin off the rest of the animal products company to shareholders for stock and then retire all paid in . And if nobody noticed that company had a great report this quarter and 80% is still shareholders here but accounting rules created a under reporting situation here in 2013 . This is all while we are setting up for rotation into cyclical stocks later in the year but make no mistake institutional investors are salivating for a pullback with easy short money after a great run to put back into more shares here . Sometimes the news seems to be fronting for the froth that creates profits for those in the knew . One thing that seems almost a given is one can expect the dividend to be raised to $1 next January as usual or more and next winter will see this in the 30's again . If the market gets a big scare this is where the big money will ride it out .