Re: Stock of the Day- Pfizer (PFE)
I like it. You're right, the stock has been beaten up pretty good the last few years and I don't think it has fully recovered yet. In this situation, I actually like the fact that Pfizer is paying out a dividend, as it will provide a nice safety net on the downside. Nor am I concerned about their dividend policy, as their R&D budget is still the largest in the industry. Even when we adjust their R&D budget to revenue, their "Research & Development / Revenue" ratio is competitive with the rest of the pharmaceutical industry. If we believe their estimated 2006 earnings, then this stock is a good buy IMO.
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