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DewDiligence

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DewDiligence

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Re: drbio45 post# 67337

Sunday, 10/12/2008 6:56:22 PM

Sunday, October 12, 2008 6:56:22 PM

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>PFE – what is the point of increasing earnings per share in the short run when their earnings are going to fall off of a cliff in 2011.<

You seem to be confusing the one-time drop in EPS from Lipitor’s patent expiration with the permanent boost to EPS that PFE could obtain from leveraging the balance sheet.

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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