Taxpayers Now Indirectly Financing Layoffs
Posted on Tuesday, January 27th, 2009 | In Energy Markets, Market CommentaryI’ve taken a pretty hard look the past week at the Pfizer-Wyeth deal, partially because its the only thing representing normal market action (anything to take a break from bailouts and poor earnings reports). Anyways, I came across a very interesting take on the deal. Basically, Pfizer is cutting its dividend and acquiring financing to pull this deal off. Pfizer is also going to be laying off thousands of workers in the type of jobs that Obama is looking to add right now as a part of this merger. Where are they getting the money for the deal? Yep, you guessed it. Bank of America, Citigroup, Goldman Sachs, JP Morgan. And who is providing capital to keep these guys afloat? Yes, the American taxpayer.br /br /Anyways, read this post…br /br /a style=”font-style: italic;” href=”http://econblogreview.blogspot.com/2009/01/pfizer-buys-wyeth-layoffs-financed-by.html”Pfizer Buys Wyeth: Layoffs Financed by You and Me/a. br /br /br /Post from EconBlog Review, found at Naked Capitalism.br /br /Still long WYE
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Bank Of America, Citigroup, Energy Markets, FULL, Goldman Sachs, JP-Morgan, Market Commentary, michael brisky, Pfizer, Wyeth
 About Michael E. Brisky (http://briskycapital.blogspot.com)
Welcome to "In the Know." Here I discuss macro trends in the market, and how I think investors can profit from them. I particularly follow energy stocks and other beneficiaries of secular growth. My investing style would best be described as a hybrid. A hybrid of value and growth; of fundamental and technical analysis. I think you have to be flexible to be a successful investor, but also disciplined. |
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