well, big pharma stocks are only good for wave play

since each wave is clear and lasts for certain amount of time. In general, big pharma stocks are one of the worst for long term investment. I do not have any big pharma stock for my long term holding.

pharma business is a very tough business in the sense that:

1. it is highly regulated.
2. R&D takes long long time and costs dearly.
3. competition is very high.
4. they are typically too big to be effective.
5. there have been no bluckbuster for many years.

recent meltdown is a good time to watch for the next up leg. JNJ and AZN already announced layoff. I do not recommend pfizer. people in the industry all know that pfizer is the biggest problematic one since it acquired two many companies when viagra was hot. Now it is too big to get controlled. Anyone who expects pfizer stock will rebound soon is simply dreaming.

European companies in general do better nowdays.

所有跟帖： 

• Nothing came out of PFE's pipeline since Viagra -77ll8- ♂ (47 bytes) () 08/05/2007 postreply 11:36:20

• DNA, GSK, LLY, MRK, SNY -dividend_growth- ♀ (8 bytes) () 08/05/2007 postreply 11:45:54