Stay strong longs and if you can afford it add on those dips

lindsay877
2021-08-20

$Pfizer(PFE)$ I have no realistic idea why people are bearish on this stock. Its PE is about half of MRNA’s. So far it has made tens of billions off its COVID-19 vaccine with years of more billions to be made over the years to come. It has a vibrant pipeline unlike MRNA. It is sitting on about 22 billion dollars. Its levered free cash flow is a whopping 31.61 billion dollars. And it pays a decent dividend, although the yield should decline as the stock price rises in value.
I have yet to read any decent bearish argument except for the typical “it sucks.” The last few weeks the stock has made an impressive rise in price. While the stock had topped over $51 it was due for some profit taking. Personally I took advantage and added to my position.
To me this stock has finally been having its day in the sun. It is still sorely undervalued and aside from an overall drop in the market which might hold the stock down, there is no reason why this stock won’t continue to march higher.
Stay strong longs and if you can afford it add on those dips. I won’t do any profit taking until I see $80 which would be at least fair value in my opinion.

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