Pfizer: No Buy Signal After The Dip
Pfizer is down sharply over the last couple of months culminating with a decision to not split into two companies.
The company has a stock buyback plan, but chooses to use larger amounts of cash on making acquisitions such as paying $14 billion for Medivation.
Pfizer isn't a horrible stock to own, but the signals don't suggest outperformance for the next year.
At first glance, the multi-month drop in Pfizer (NYSE:PFE) appears to offer an opportunity. After all, the dividend is back to a respectable 3.5%.
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