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Pfizer (PFE -10.8%) execs tell employees not to fret today's price decline. "What really matters...

Pfizer (PFE -10.8%) execs tell employees not to fret today's price decline. "What really matters is not how a stock performs on a particular day, but how we as a company are building shareholder value," CEO Frank D'Amelio says, adding shares could appreciate "sooner than you would expect."
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  • prudentinvestor
    , contributor
    Comments (841) | Send Message
     
    As a buy-and-hold investor in PFE, I am very disappointed that they would offer such an exorbitant premium over the market's price for WYE. Additionally, the offer for WYE is largely cash, and thus has negative consequences for PFE's currently healthy balance sheet.

     

    I doubt that the expected synergies are of sufficient benefit to justify such risk-taking in the current market environment, and fear that PFE's management may create a situation somewhat similar to the DOW/ROH debacle.
    26 Jan 2009, 03:00 PM Reply Like
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