Anonymous
Guest
Anonymous
Guest
YOu have to stop thinking of this from how you'd do things, You don't know all the facts. Ian does. He sees the numbersfrom each division, he knows we loose 12b in sales by the end of 2012. He knows we lost about a billion with the loss of Aricept. Many of us think Viagra won it's patent dispute, it hasn't.
We borrowed billions to buy Wyeth, King, Phrmacia and all the smaller purchases. We have a huge salesforce, manufacturing expense. R&D expense, and legal defense fund. If we could spin off all the debt and liability leaving only the hugely profitable products behind we will.
It was a huge mistake taking on all this debt and now we need to get rid of it, and so we shall. Also, if we currently operate at a 19% blended profit margin with our current headcount. And we loose Aricept, Lipitor, and Viagra without cutting headcount, how do we maintain or grow p. magin? We do it by slashing people, slashing low margin products, manu. facilities, and current and future liabilities.
Don't be obtuse, this leadership team is bright and ruthless. We will change drastically.
OK wonderboy..please name three pfizer R&D products...caduet doesn't count. J&J is still making millions off our consumer healthcare that will NEVER loose their brand name. Listerine and Barbersol will retain their Copy right names for ever, though there will be copycats.
Would you put ALL of your money into the "new Pfizer" or do you think there is risk there and it is better to have broader base?
You may want to risk it all..and then go for..if you are right, you will be rich and good for you.
I on the other hand, am more risk adverse, though my ROI maybe less, I am less likely to suffer a catastrophic loss. I will only say..torceptrabid.. was going to be an incredible drug. Analysts predicted a possible $2 billion first year of sales...the a little pesky issue developed and it was shelved and Pfizer titanic hit the iceberg...time is ticking..Ian knows it and is trying to save the ship.
A few years from know we will see what happens..I will jump on the lifeboat, divest and live a humble life. You will ride the ship...it will either stay afloat and you will be wealthy, or the ship will sink along with your wealth.
Your decision