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While Pfizer (PFE +1.2%) has spun off its animal-health unit and sold its infant-nutrition...

While Pfizer (PFE +1.2%) has spun off its animal-health unit and sold its infant-nutrition business over the past year, it "absolutely" plans to keep its $3.2B/year consumer-health ops, CEO Ian Read has told investors. Read reckons that the unit is critical for Pfizer to take advantage of a growing trend in which prescription drugs gain over-the-counter status.
Comments (3)
  • Sejd213
    , contributor
    Comments (188) | Send Message
    In my opinion, Ian Read has done an amazing job for shareholders these past two years. PFE continues to pull out all stops in its pipeline. The spinoff of ZTS was a brilliant idea and YTD, ZTS has held up very good and is poised to go much higher in the next 24-36 months.. As for PFE, i believe the stock will be valued closer towards 35-38 in the next 14-18 months.
    4 Apr 2013, 10:15 AM Reply Like
  • popster76
    , contributor
    Comments (176) | Send Message
    I completely agree with Sejd213's comments re. CEO Ian Read and don't forget the selling of the Nutrition business for $11+ billion in order to continue to focus on the core discovery & development of new drugs for PFE. Also there is a small segment of "investors" commenting on PFE articles that say the wyeth acquisition was a big mistake yet this brought Pfizer Enbrel, Premarin, Pristiq and Prevnar the #1 vaccine in the world! The stock will continue to increase in value to $34-37 by end of 2014 and pay nice dividends for smart investors.
    4 Apr 2013, 08:42 PM Reply Like
  • taplinger
    , contributor
    Comments (196) | Send Message
    It seems like CEOs fall into two types - those that can't do anything right and those that can't do anything wrong. Reed seems to fall into the latter category and PHZ's shareholders are doing very well. Personally, I'd rather trust my investment to Reed than Immelt.
    6 Apr 2013, 09:42 PM Reply Like
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