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A Contrarian Look at Pfizer

Collect the dividend AND sell calls to juice the return. There's at least another .40 in the Dec. $22.50 '08's. So what if you get called away. You're return is very attractive, and it gives you some downside protection. Also, it's very likely that the stock will be flat until the pipeline starts to show something, which may take you out to 2009. If so, roll the calls and take in more premium.