Pfizer/Wyeth Close Deal…Should I keep Pfizer Shares?
Source: http://briskycapital.blogspot.com/2009/10/pfizerwyeth-close-dealshould-i-keep.htmlPosted on Thursday, October 15th, 2009 | In Energy Markets, Investing Lessons, Market Commentary
Pfizer completed its $68 billion dollar acquisition of Wyeth today. It amounts to $33/share in cash and 0.985 shares of PFE per share of WYE. As a holder of WYE for a couple of years, I have some mixed emotions about the deal. Wyeth is a good company and could continue to provide solid returns for years to come, so in that respect, I’m disappointed. So now I have to find another stock to provide those returns on the capital I had invested. Can Pfizer provide that? That is what I need to figure out at this point. I’m typically not a fan of companies that grow through massive acquisitions. I’d prefer companies to buy smaller companies that you may not have to pay full value for. br /br /Wyeth shares cease trading at the bell today. I’ll probably follow up on this more in the coming days/weeks. I won’t immediately sell the PFE shares, but will do some more research to determine if there is a better option for this capital.br /br /Disclosure: Long WYEdiv class=”blogger-post-footer”img width=’1′ height=’1′ src=’https://blogger.googleusercontent.com/tracker/819581243324579563-3516157155141517543?l=briskycapital.blogspot.com’ alt=” //div
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 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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