Pfizer Gets Bitten
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Price: $24.32 +1.84%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 7.1%
EPS Growth %: -12.8%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 7.1%
EPS Growth %: -12.8%
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From 247WallSt
Life does not get any easier for Pfizer (NYSE: PFE). Forget generics. Now other drug firms are ganging up on them. Merck (NYSE: MRK) and Schering-Plough (NYSE: SGP) are going to offer drug that combines their cholestoral drug with Pfizer blockbuster Lipitor. Its patent expires in three years.
Pfizer has defied gravity this year. Its stock trades at $25.66. In July, it was down to $22.28. The company has cut considerable staff. But, unless it has some rabbits in the pipeline hat, life is about to get very rough.
For more market insight go to http://www.247wallst.com/
Life does not get any easier for Pfizer (NYSE: PFE). Forget generics. Now other drug firms are ganging up on them. Merck (NYSE: MRK) and Schering-Plough (NYSE: SGP) are going to offer drug that combines their cholestoral drug with Pfizer blockbuster Lipitor. Its patent expires in three years.
Pfizer has defied gravity this year. Its stock trades at $25.66. In July, it was down to $22.28. The company has cut considerable staff. But, unless it has some rabbits in the pipeline hat, life is about to get very rough.
For more market insight go to http://www.247wallst.com/
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