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sortagreen

05/16/05 9:30 PM

#3346 RE: KingDiamond #3343

King, PFE is a local favorite. They've invested more than $10 billion into their Groton and New London facilities over the last decade. I haven't held the stock in quite a while. I sold it the week Viagra came out. (maybe $114? That was before the 3:1 split) Then I held some briefly before that last split... It's never really revisited those levels. It was up around $140 at one point there (so $43 or so split adjusted...)

It's certainly a strong company, but it's a tough game too. They lost Bextra recently, and some antibiotic a few years back. The market bolts quick when your $2 billion blockbuster drug starts killin' folks. Not saying it's fair, but there it is.

That being said. $28 seems safe anyway. They aren't going to go away and there is an aging population and all that... It's probably a good price right now. Could be $30-$35 at some point this year. Growth is slow, but I don't see it losing much with the kind of earnings they have.

I'm still high on tungsten. Unlike a few other things that I've loved and lost, I'm seeing this one mentioned in a lot of places other than their own PRs.

http://www.resourceinvestor.com/pebble.asp?relid=9691

To da moooon Alice!