paracelsus

A Fat Yield at Pfizer

Nice to have a post from someone with a pharma background for a change.

Does All of Pfizer's Bad News Just Have To Be In by Now?

This is ridiculous. You do not reply to the argument about the earnings, minus lipitor, being credibly good for the near term (i.e. 2012). ...Attack the r&d ... attack the management and corporate culture ... note what has previously happened to the the stock price (as if this matters to the future stock price) ... blah blah blah.

Sir, I am an investor. All I care about is the ability of this company to generate real dollars in earnings. That being done, the stock price will take care of itself. I remember when large pharma commonly traded at 30+ multiples. Then people like yourself were screaming about how great the companies were (2000 ... oh the innovation, the old economy is dead). You were wrong then, and will be wrong again.

The ability to generate real earnings is a valuable thing in a recession! You want to pick companies to be bearish in a recession, take a look at the financials!! Hah, I'll take Pfizer anyday, with some treasuries, and a few put options on the homies. Call me next year.