PFE Pfizer makes vaccines, Viagra and cold hard cash. They make so much profit, its worth trying to hide.

Submitted by MECO-420 t3_yhkejb in wallstreetbets

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https://preview.redd.it/z3cqlzkn8zw91.png?width=791&format=png&auto=webp&s=b535eea63177662590923c80943797dd72949bfe

Stock price activity:

Pre-pandemic (Feb/2020): $36/share

Pandemic low (Mar/2020): $27/share

Some support: $33/share

Current share price: $47/share

Price after earnings (Tuesday, Nov 1, 2022): ???

PFE's financials have been stellar during the pandemic. So stellar that they're being investigated for hiding profits. If true, investors should be livid as PFE also pays a dividend and they're opening themselves up to potential IRS back taxes, interest and penalties.

https://www.bloomberg.com/news/articles/2022-10-26/pfizer-pfe-hid-1-2-billion-in-profits-italian-investigators-allege

With Covid mostly behind us, they're mitigating declining sales with a price hike.

https://www.reuters.com/business/healthcare-pharmaceuticals/pfizer-expects-price-covid-vaccine-110-130-per-dose-2022-10-20/

Pfizer has proven themselves when it comes to vaccines. They're fully able to develop, test, manufacture and distribute when other countries are still going into lockdowns. Let's also give credit to Johnson and Johnson, Moderna and the little guys for creating the competitive environment. Whatever PFE reports on Tuesday, it will surely drag these guys with them.

My take on the future. Covid vaccine sales will continue to decline as we move forward and the other divisions within Pfizer will continue to flat line with little to no growth. But if there is another pandemic, put down the banana and back up the truck.

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ig105 t1_iuf1py4 wrote

Pfe announced few weeks ago that they are developing vaccine based on Covid one for cancer. 2030 eta.

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VisualMod t1_iue6ru3 wrote

>I believe that PFE will continue to be a strong company, even though their vaccine sales may decline. They have shown themselves to be competent in developing and distributing vaccines, and I believe they will continue to do so in the future. If there is another pandemic, I think their stock price will rise again significantly.

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Swiftnice t1_iueaa4g wrote

Viagra went generic a few years ago so they probably aren't making as much money with it anymore.

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k20stitch_tv t1_iufsca6 wrote

Worked in the industry for a little bit, that doesn’t mean anything. When a brand name loses its patent, they’ll reorganize the molecule so it has the same intended affect but with possible different side effects and apply for a new patent. If that can’t be done, Pfizer owns the generic manufacturer greenstone. Greenstone will just charge more than the others and raise the price of the brand name. Folks know that if they get greenstone it’s technically the brand name

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MECO-420 OP t1_iuhvm3g wrote

Great insight into the industry, thank you.

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k20stitch_tv t1_iui1pnk wrote

Yea, what a shitty game. Law says generics must be cheaper than the brand name… jack up the brand name and produce the “generic” at the old price of the brand name.

Obviously this only works when you own both the brand name and generic. There’s one other big one that also owns a generic manufacture but the name escapes me.

And don’t get me started with CVS. They’re the insurance company, the drug manufacturer, and the pharmacy. Everything stays in house and is somehow not a monopoly

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HiHiHiDwayne t1_iuf83gl wrote

Pfizer needs to take a page from Merck and focus on immunotherapy for cancer..Keytruda is a cash cow for Merck..every oncologist I know is prescribing Keytruda for any freaking cancer.

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SteamCleaner23 t1_iufnh9i wrote

How are you in a situation where you know any more than like, 2 oncologists?

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HiHiHiDwayne t1_iufpa3w wrote

i am a nephrologist and Keytruda causes a form of kidney disease so when the oncologists give Keytruda to 100 of their patients, 2-3 of them will develop some form of kidney disease

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Major_Nobody_9613 t1_iuho0jf wrote

One billion per month profit back in 2009 on their cholesterol lowering drug. Today there is a class action lawsuit claiming that drug gave folks diabetes.

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VisualMod t1_iue6r1v wrote

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>TL;DR: PFE will most likely report a slight miss on earnings and continue to flounder.

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MECO-420 OP t1_iuhvey0 wrote

I'm kinda on the fence about this. They are raising prices on their vaccines..so maybe that may make up for declining sales, but analysts also want to see growth in their other divisions. If they miss there, the stock might fall even with positive growth in vaccine sales.

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GammaGargoyle t1_iue72s3 wrote

What’s your position? I don’t invest on conspiracy theory

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MECO-420 OP t1_iueg702 wrote

I dont hold a position but will buy if it dips after earnings. What conspiracy theory are you referring to? They're being investigated as the link shows.

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SomeKiwiGuy t1_iufhcw3 wrote

Anyone who puts a single penny into these types of companies should look in the mirror and then feel utter shame.

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Shakedaddy4x t1_iugnefb wrote

This is how we all feel everyday by being active on this subreddit. Nothing new.

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viperex t1_iuft4v1 wrote

Who makes cialis and are they publicly traded?

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