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Author: horacekgl Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 8883  
Subject: Re: DRIP ideas Date: 6/7/2006 10:45 AM
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Pfizer is an undervalued (IMHO) dividend paying stock with a good yield. I buy Pfizer stock at $22 or less for my IRA. The company has their own dividend re-investment program through their transfer agent. Web-page reference: http://www.pfizer.com

As a long time PFE owner, I just sold it all because I realized that this stock (not the company) is going nowhere during my 5-10 year horizon of potential ownership. Unfortunately there are a lot of undervalued companies out there that are doomed to remain undervalued for an extended period of time. Stocks like MSFT, HD, DELL come to mind (I own all, for now). I've decided to stop fighting Mr Market and buy value stocks he likes better, i.e., companies that he rewards for increasing company performance. While over the short term 'the market is a voting machine.....', sometimes it can take a long, long time for that voting machine to become a weighing machine. It does me no good if that time happens after I'm dead.

glh
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