$PFE - POTENTIAL SAFE HAVEN -
Added 2024-04-22 12:46:28 +0000 UTC$PFE has struggled since its $62 high in late 2021 and has been on an aggressive decline since, with one exception in the form of a dead cat bounce for Wave B.
It continues to make a lower low and is on track to hit the 24 year old support line at $22.
I have done some analysis on this and earnings are expected to increase from $2.1 Billion in Dec '23 to $6.9 Billion by Dec '24
Free Cash Flow is expected to double from $4.7 Billion to $9.7 Billion in the same time period time. This is a substantial improvement.
FWD PE is also at 9.5 now and they pay a very handsome dividend of 6.5%.
I think if $PFE holds support at $22 we must consider this a safe haven and start a position.
Improving margins is something I am keenly attracted too and a 6.5% dividend is not something to turn our nose at either.
Comments
Strong believer here
Federico Salerno
2024-04-22 19:37:10 +0000 UTCWill you tell us when you buy?
Yaso
2024-04-22 16:15:46 +0000 UTCMy average is 29…would you consider cut losses now and re enter at 22 or not?
Matt
2024-04-22 12:48:56 +0000 UTC
