Diamond in the rough?
I have waited for this moment a long time. PFE has finally dropped to its 15-year support line. In a normal environment, it takes a catastrophe for a stock to break this support line. Even 2020 PFE didn't break it. PFE is an extremely strong company, been around for over 100 years, low debt, high cash flow and the best it pays a divided! So if it pays 5% dividend and it drops 5% from Here I breakeven.
add - I can't include this here, but check out the institutional accommodations over the past 3 months. It's almost all Buys!
I'm in at this price point.
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Trading is a tough business! All my commentary are my personal opinion. Do not follow my trades. You will lose money!
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razo2 : good analysis but yield goes higher more people will sell. 5% risk free short term bonds will beat any dividend stock
MonkeyGee OP : Sold some PLTR to buy PFE. PLTR is too rich for me right now. I'm getting a nose bleed.
MonkeyGee OP razo2 : I agree, very good point. However, you compare it to its pair who don't even pay a dividend. I go with PFE. remember, it's a long cycle. where doesn't all that interests income go in the future? it has to go back into the system.