Post #164 by randomdoc on the Falling Knives board

Investment Strategies / Falling Knives

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Almost two years ago, Jim gave a (qualified) shout out for Pfizer. That was almost two years ago at $52 with 3% dividends. Today it's at $32 with 5% dividend.

Curious what Jim or others think whether there is substantial margin safety now with more upside.

https://discussion.fool.com/t/ot-mrna/59038/4
For those who like 'em stodgier, Pfizer also looks pretty good too at $52 and change. (though obviously better at October's prices of $41 and change, which may return).
If you look a their projections of vaccine profits, there is a chance that the run up in company value considerably exceeds the run up in price.
It's a much more conservative wager, of course, with a bit more margin of safety and likely a more modest upside.
Single digit multiple of next year's estimated profit and a dividend yield over 3%. The downside seems somewhat constrained even if the earnings boost starts to fade.

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