Skip to main content
Update
The boards are getting a new home!

We're pleased to announce an update is coming to the community boards.

Saturday, September 24th: We are migrating the boards to a new platform. The site is currently in read-only mode and we will bring it back online as soon as the migration is complete.

Fool.com | The Motley Fool Community
Message Font: Serif | Sans-Serif
 
No. of Recommendations: 2
I thought that I'd share with everyone here this e-mail correspondence that I sent to Pfizer this morning. (I apologize if you've already read this on the Pfizer Companies Board.)

I wanted to let you know that since our phone conversation last week, I have published 3 additional columns on Pfizer. The main focus of these columns was on cash flow, Pfizer's focus on managing its bottom line income over managing its cash flow and its balance sheet and the company's lengthy cash conversion cycle. My overall conclusion is that while Pfizer is a good company, it really needs to keep a more careful eye on its cash flow and its balance sheet. Particularly telling to me was the data that I compiled in preparing last night's column on the cash conversion cycle, which also has shed some additional light on the collection period related to the alliance revenue. As you'll see from looking at the data put together from the 10Q's and 10K's, Pfizer does not fair too well in this comparison.

When we spoke last week, you said that you'd get back to me about the free cash flow issue that Matt and I raised. I'd appreciate hearing your comments on that as well as the other points raised in these columns. I'd also appreciate it if the columns could be passed on to the company's management as well. I think it's important that it be communicated to them that the company does have long-term shareholders that are more interested in the company's ability to generate cash as a means of adding value over the long haul than its ability to meet or beat earnings expectations.

This column appeared last night:
Warner-Lambert vs. Pfizer: Who Has the Upper Hand http://www.fool.com/portfolios/rulemaker/1999/rulemaker991102.htm

This column appeared last Tuesday:
Pfizer's Approach to Its Business Part 1
http://www.fool.com/portfolios/RuleMaker/1999/RuleMaker991026.htm

This column appeared last Wednesday:
Pfizer's Approach to Its Business Part 2 http://www.fool.com/portfolios/RuleMaker/1999/RuleMaker991027.htm

You've already read this column from Thursday of the week before last, but I've included the link for you anyway:
Questionable Results at Pfizer?
http://www.fool.com/portfolios/RuleMaker/1999/RuleMaker991021.htm

I look forward to hearing your comments.

Phil Weiss

Here's the short response that I got back as well:

"I believe you will be getting a response from the company. Your columns have been read by several members of senior management."

Fool On!

Phil
Print the post  

Announcements

When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.