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After the bleeding, is Pfizer now a “cheap” stock?

Written by Tracey

March 2, 2009 07:30 AM

Pfizer (PFE) shares have been bleeding for the last several years but 2009 has been especially harsh so far.

Will this be the year that Pfizer actually becomes “cheap” and a genuinely value stock?

A poster named chrt13sezz on the Yahoo Investor Boards posted the P/Es of Pfizer since 1997:

23.5 low, 46.8 high in 1997
35.4 low, 64.2 high in 1998
36.2 low, 57.5 high in 1999
29.4 low, 48.3 high in 2000
26.0 low, 35.7 high in 2001
16.4 low, 27.8 high in 2002
15.9 low, 21.1 high in 2003
11.1 low, 18.3 high in 2004
10.0 low, 14.5 high in 2005
10.8 low, 13.9 high in 2006
10.2 low, 12.7 high in 2007
05.9 low, 10.0 high in 2008
05.9 low, 08.9 high in 2009

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