PFE

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Keynes's picture
User offline. Last seen 6 years 34 weeks ago. Offline
Joined: 02/27/2009
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I've been a long time holder of Pfizer and I was actually averaging into it for a long time. My general thinking was that all they had to do was fire a bunch of people to become very profitable and they paid a stellar dividend. The purchase of Wyeth however throws all that into question. They've done the layoffs, but buying a huge company in the process wasn't what I had in mind. I like the Wyeth purchase for the long term good of the company, I'm just not sure it meets my criteria anymore. I should either sell my position or buy more, but I can't decide which. Any advice?