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DewDiligence

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DewDiligence

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Re: urche post# 5853

Friday, 12/17/2004 12:11:34 PM

Friday, December 17, 2004 12:11:34 PM

Post# of 252504
>>So, I am seeing a screaming buy here [for PFE]. Please talk me out of it.<<

I can’t, and that’s why I bought myself earlier today.

However, to nitpick, I do take issue with your “lost market cap” analysis because it presumes that the pre-existing valuation was reasonable. In actuality, I think PFE was strongly undervalued in the high 20’s before today’s news broke. Had I not thought so, I would not have bought simply because today’s drop was unjustified.

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

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