Message Font: Serif | Sans-Serif
No. of Recommendations: 0

A few weeks ago I looked at Pfizer's recent recovery and was deeply skeptical, and gave it a down. Last week I decided I couldn't justify to myself keeping it as a CAP down pick given the job cuts, and wall st. seeming to use that as an excuse to buy, buy, buy! Now, I'm probably going to regret it:




The failure of a potential blockbuster is important and very bad news for PFE. One has to wonder a bit about the way this drug collapsed -- as the story notes, the hype for its potential to investors and doctors had continued until recently. Pfizer's corporate performance in the last 2-3 years has been terribly unimpressive. I'm thinking of reupping on the down, but now I'll be stuck with Monday's open -- which will probably be down 5-10%!




Print the post  


What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
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.
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.