I initially bought some Pfizer shares about 2 or 3 months ago when they were about $42. I could have, should have, didn't when they were on my horizon at about $33.00.
I initially was going to get into it short term but the more articles I read about it and the more reading I did about its history and the reasons for its recent lag in share price - it took years to put on about 7 bucks - the more I took a shine to it.
So a parked the short term bus and ordered up a bigger truck.
Of course we all know what happened to this stock over the last year or so.
The prospects for this company are huge. Just avoid looking at the covid drugs/vaccines which analysts say are responsible for maybe up to a third of this calendar years earnings. Look at all the other drugs they already have and that are in the pipeline - there are many many of them which I wont list here, just google it.
On covid.
With the pandemic really only just getting started I have read in countless articles that 2022 is going to be bigger than 2021 with the possibility of Pfizer tipping over the $100B mark for revenue and 3 or 4 doses recommended globally.
I can see the point reached where we each get a yearly or bi yearly booster once the omicron point is passed and we get onto the next one which possibly will be less of a "threat to humankind" until the next one and so on and so forth.
We really have to get Pfizer and Moderna et al out to those regions that can not afford it - for the western worlds own good. There maybe some pushback from Western leaders but this must be done if we are going to contain this disease.
So that's my take on Pfizer.
The range of analysts I've seen go from $51 to $75. But the majority are in the middle, about $60 bucks.
Ill be buying this stock at a limit of $59 and about 2.7 PA %.
I currently own around 73 shares BUT I hope to get a lot more if it dips below my magical figure.
Its going in my bottom draw.
I also recommend getting some Coke, Napier Port and the following BUT as always it’s up to you what you want. DYOR.
- CEN - Contact Energy Ltd - Can be gotten at the moment for anything between $7.50 - $8.00
- FPH - Fisher & Paykel Healthcare Ltd - This one is all over the show BUT it can be gotten closer to $30 bucks than it is at $33.
- HLG - Hallensteins Glassons Ltd - Just had some bad news today. Just gotta look out for that opportunity
- MFT - Mainfreight Ltd - Has done really well over the last 2 years. Watch it like a hawk for entry. Has come off a record high - $99 and some cents - a few moths ago
- RYM - Ryman Healthcare Ltd - Up and down like a robbers dog. Still doing well, just not liked as much. Buy on any weakness.
- SKC - Sky City Entertainment Group Ltd - Suffering from Covid should come back from this latest period off (August till now) Not sure if it needs a further shareholder money. Only buy if it comes down about 20 or 30c - could do.
I
I also recommend you be patient - getting any of these on further weakness because the NZ stock market looks set to lose big time in 2022 as does the rest of the world in my humblest of opinions.✌😎
c Share Investor 2021
I got into property....and it will take another 15 years max before I buy another side of shares. Touch wood - the ones I hold onto will regain their previous value or help pay off the mortgage.
ReplyDeleteAnon...I recommend you think about getting some MFT. If the price collapses for any reason - say at $45?
ReplyDeleteAdded Pfizer and Coke to my second portfolio. Just spending my Pfizer div money. Just reading back my thoughts. The market has come under pressure this year!!
ReplyDeleteI was right on the Pfizer comment. Its become a mainstay in the virus area AND the flu drugs. I have just over 95 shares. The NZ dollar is not good for buying.
ReplyDelete