Pfizer (PFE $33), among the world’s largest and most reputable drug companies, enjoys the largest economy of scale of any competitor in the drug business, and has a crack sales team to boot. Still, it’s going to be a slow slough till PFE returns to its former eminence. However, a 3.7 percent dividend that increases regularly, a fecund pipeline (over $7 billion a year in funding) that’s the envy of the industry, a focus on smaller acquisitions and two new blockbuster drugs (Xeljanz and Ibrance) augur well for continued revenue, earnings and dividend growth, plus principal appreciation.
HOBOKEN, NJ SEPTEMBER 29: PATH train workers gather outside the station after a New Jersey Transit train crashed into the platform at Hoboken Terminal during morning rush hour September 29, 2016 in Hoboken, New Jersey. According to reports, at least one person has been killed and over 100 injured. (Photo by Eduardo Munoz Alvarez/Getty Images).
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