Pfizer and Wyeth: A Marriage of Short Term Convenience

Pfizer (PFE) is cutting the dividend, primarily driven by their need to allocate cash for Wyeth (WYE) buyout.

The marriage between PFE and WYE is not a union of two love birds. It’s just a short term convenience driven by PFE’s need to soar the bottom line. In fact, I would send kudos to WYE management who has wrestled out good value for WYE shareholders. So why do I think it’s not a good union? continue reading rest of the article….

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