Bummed about my Pfizer investment....
Pfizer (PFE) released earnings this morning and it is getting pounded today in market trading. As I write this the last trade price at Yahoo!Finance I saw for Pfizer (PFE) was $22.11. I this Pfizer is a great company, I think it has a great management team, I also think long term pharmaceutical companies are a great investment with the baby boomers getting older. However, I have been adding to my position from ~$42/share back in 2001. I have been riding this stock down the past 4 years and I am still taking a beating.
Besides IBM, PFE is the largest stock investment I have. My average share price for PFE is now around ~$31/share. Just when I think the latest fall in the stock price is a good buying opportunity the stock continues to go lower.
Its depressing to realize I have a significant loss in this stock investment. I have been buying PFE as a long term investment, I always said its ok if it takes 10 years, but I believe PFE will continue to grow and become more profitable. However, stock declines are tough for me - its easier to swallow if a stock price stays flat because at least I can say I haven't lost any money ;-).
With that said, I am going to continue to add to my PFE investment. PFE may be a drag on my investment returns for the next couple years, but I continue to believe it will pay off in the long run.
Update: I also saw that the forward P/E ratio for Pfizer (PFE) as reported on Yahoo!Finance is now ~10.27! Wow - that seems so low to me for such a great company. But what do I know?
Besides IBM, PFE is the largest stock investment I have. My average share price for PFE is now around ~$31/share. Just when I think the latest fall in the stock price is a good buying opportunity the stock continues to go lower.
Its depressing to realize I have a significant loss in this stock investment. I have been buying PFE as a long term investment, I always said its ok if it takes 10 years, but I believe PFE will continue to grow and become more profitable. However, stock declines are tough for me - its easier to swallow if a stock price stays flat because at least I can say I haven't lost any money ;-).
With that said, I am going to continue to add to my PFE investment. PFE may be a drag on my investment returns for the next couple years, but I continue to believe it will pay off in the long run.
Update: I also saw that the forward P/E ratio for Pfizer (PFE) as reported on Yahoo!Finance is now ~10.27! Wow - that seems so low to me for such a great company. But what do I know?
posted by 2million at
10/20/2005 01:50:00 PM
3 Comments:
I bought simon property group (SPG) at 50 and sold it when it dropped to 45. It is now at $70! I bought Wipro (WIT) at 6 and sold at 5 and now it's at 9! Don't worry about it.
By
guy, at 9:13 PM
I had to get out of Pfizer after all the potential lawsuits and the challenges with Merck. I'm glad I did at less of a loss but I sleep better at night.
On a side note, I don't know if I'm doing much better w/ the alternative stock but it just helps me sleep at night.
By
Anonymous, at 1:37 PM
Nice sharing post about ur experience with this company.
Finance Bookmark
By
AMIT, at 9:59 AM
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