X-post: Pfizer $PFE at 34.30

[luxmain]

I’ve written a post (link below) on the falling knives board, explaining why I think Pfizer’s price today, at $34.30, is the best relative value it’s been in 8 years.

Pfizer at 34.30. ($PFE)

Pfizer at 34.30. ($PFE)

Quite good relative value on this falling knife I think. Lowest price in the last 8 years or so was March 2020, around $27-30, depending on whether you take the intra-week or intra-day low. Add in roughly 20% inflation. Subtract out 10% for devaluing patents (warning: this is just a guess!). Add in $12.33 earnings since then. Subtract out $5.60 dividends since then. Result: $36-39, depending on which ‘low’ you prefer to use. Today’s price: $34.30. IMHO: cheaper than the lowest lows of …