Jun. 26 at 10:21 PM
$PFE in the year 2000 PFE was a
$300 BB company. They would quickly accumulate an additional
$300 BB in acquisitions ranging from Warner Lambert, Upjohn, Wyeth, Array Pharma, Seagen, Metaera among others.
A total of
$600 Billion in capital assets over many household names and brands.
Today we are at
$130 BB. Had they merely retained the value of the assets we would be at
$120. Double or triple that with meaning growth. 80 % of the capital assets from 25 years ago is gone. Once the largest pharma is now bait for the bigger fish.
I’m a long time holder of this and am thoroughly disgusted with the value destruction. And on it goes. Phase III trials that go completely belly up. Lots of them. And to see the likes of AMGN. JNJ. MRK. And LLY all soar. We languish. It might be time to seek a strategic partner and relinquish the helm of this rudderless ship.
