Pfizer Inc (PFE)

Covid-19 vaccine business fading, but business strong. Valuation coming back down to reasonable levels. Dividend yield ~6%. Expecting further growth with excellent R&D investment. 

Down 43% in 2023 and one of the S&P's dogs, falling sharply after Covid. Pfizer keeps facing patent cliffs for its drugs and hitting profit shortfalls. A comeback is possible, but election years made drugmakers targets. Pays a 5.6% dividend and their Seagen deal which could add an excellent cancer franchise. 

Not a great year, pullback in vaccine-related revenues, which are now normalizing. Reduced guidance every quarter this past year. Perhaps stock is washed out now. Patent cliffs. Buying companies and investing in R&D. Needs to see this is working.

They lack a good pipeline. Their 6% dividend is fine, but is this went to $32, sell. He wished he could be more positive.

It's show-me time. They made money during Covid, but they haven't performed since. Is the forgotten pharma company. Need to release a big drug. Tax-loss selling is nearly done, so shares should rise. Trades at a reasonable PE. Pays a 6% dividend, but grows at only 3.8%.

Shares fell today on their 2024 guidance. They're spending to bolster their drug pipeline (a migraine drug, Seagen's anti-cancer franchise). Their migraine drug sales disappointed this year, and the FTC is delaying the Seagen deal. 

Great company. Would recommend buying on share price weakness. Strong pipeline of new products and research. Owns shares in portfolio and would recommend for long term investor. Safe dividend. 

A contrarian call. They failed to get into the weight-loss drag boom, but that's not necessarily a bad thing. Them buying Seagen will diversify their business by getting the more into oncology which offers strong growth, more sustainable than weight-loss drugs. Offers good long-term growth for 3-5 years.

Growth for business will continue, but not as fast as during Covid-19. Valuation coming back to better level. Trading at ~12x earnings which is better place to be. Would advise investors to compare business to peers. 

Had great success during the pandemic; their vaccine led. The company just offered growth warnings. He prefers Merck for its better valuation and their key drug Keytruda which makes up 35% of their revenue.

Not a fan. The kind of pharma company that buys companies for growth. The other kind builds their own pharmaceuticals from the ground up, and that's where he wants to be. Good business, but not one he wants exposure to. Further downside from here.

Great dividend, beat earnings last quarter. Cost cutting. Transitioning away from Covid. Very cheap at 9.5x 2024 earnings, 4% growth. At some point, it will stop falling, but not sure it's there yet. On price to growth, not nearly as attractive as MRK. Look elsewhere. 

Benefitted from Covid vaccines. Patent expirations in a couple of years. How will they continue to grow? Company is confident in acquisitions and internal R&D. She's looking at it, no decision yet. Cheap multiple, attractive yield. More of a deep value play.

MRK's done relatively better. Drugs going off patent also, but pipeline is a bit better. She's looking at this one too, still assessing.

Overall, a good company and it pays a 5% yield.