howard_roark

Not Running Out to Buy Shares in Pfizer

I like PFE because of the fat dividend yield, and I add to my position as often as I can. Dividends are important to me because my shares are held in my Roth IRA and they are essentially tax free if I don't cash out before age 59 1/2.

I realize the Lipitor problem coming in 2011, but I also recognize that the restructuring plan is working and is already saving the company a great deal of money. Getting leaner and more efficient certainly helps margins and can offset revenue loss until another blockbuster comes along.

The pipeline looks reasonably strong, and PFE has 26 billion bucks in the bank.

PFE is not gonna pop back into the twenties or mid-twenties overnight, but I'm happy to collect my dividends until it does. I think it's also a solid holding in these recessionary times.

Good luck to all PFE longs.