i totally agree....just buying a stock for dividend can get you killed...
how can you recommend financials when their books are completely opaque??
beware of GE also...its almost like 50% financial.
PFE may have no drug in pipeline...but the stock is priced very low.....start building position now...i think the bottom will not be below 16, and one good catalyst will send this stock to 20
i would like to add that yes PFE may have not been a great investment in the past...due to its 63% slide since 1998.
but that 63% slide has made sure that there will not be much slide in future.....its true that a stock does not go up until many people take interest because of some fan following....but till then we can comfortably reap the dividends.
the only worry i will have about dividend stocks is: can the company stop dividends?? or will the company go bankrupt?? both is a big NO for PFE.
with the huge pile of cash i dont think they need to cut down dividend.
but its possible that their cash flow may slow down going forward....but that event is going to happen in 2010/2011, till then i will have earned enough in the dividends and selling calls.
8 Dow Stocks Likely To Outperform [View article]
how can you recommend financials when their books are completely opaque??
beware of GE also...its almost like 50% financial.
PFE may have no drug in pipeline...but the stock is priced very low.....start building position now...i think the bottom will not be below 16, and one good catalyst will send this stock to 20
Pfizer Stock: Value Trap? [View article]
but that 63% slide has made sure that there will not be much slide in future.....its true that a stock does not go up until many people take interest because of some fan following....but till then we can comfortably reap the dividends.
the only worry i will have about dividend stocks is: can the company stop dividends?? or will the company go bankrupt?? both is a big NO for PFE.
with the huge pile of cash i dont think they need to cut down dividend.
but its possible that their cash flow may slow down going forward....but that event is going to happen in 2010/2011, till then i will have earned enough in the dividends and selling calls.