Quote:
Originally Posted by AlienQ
Still nothing on the Pharm companies.
Drugs > Oil
Also keep in mind, the American Dollar value has dropped on the world market, resulting in bigger figures abroad.
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Agreed on the dollar.
There's no end to the perceived injustices in the world.
Big pharma has a lot of problems. Lots of patent expirations and generic competition coming in. Pfizer and Merck have had and are going to have some big expirations. How will Pfizer replace Lipitor; the #1 selling drug in the world? Pfizer stock is selling at the same price it was 10 years ago.
France's Sanofi Aventis is probably a good one to own though.