As a result, PFE stock has underperformed the S&P 500 for years. The company is taking a big risk trading security for opportunity. Pfizer’s transfer agent, Computershare Trust Company, N.A. But it hasn’t moved the needle in terms of revenue growth. quotes delayed at least 15 minutes, all others at least 20 minutes. But that’s not all. The heat is on for the recent biotech acquisitions to produce new blockbuster drugs. Shares trade at a forward price-to-earnings ratio of 11.5. You may request stock certificates for the whole shares in your book-entry account at any time. See slide 4. Pfizer shareholders will own 57% of the combined company while Mylan’s stockholders will get a 43% stake in the new entity. Here’s a breakdown of the off-patent divestiture. While the S&P 500 soared 29%, shares in the pharma giant fell to $39.18 per share, making for a 9.1% loss. Investor skepticism over the restructuring is already priced into shares. Let’s dive in, and see why this “Dog of the Dow” may be a great buy for 2020. Compare this to Merck (NYSE:MRK) or Johnson & Johnson (NYSE:JNJ), which trade for 23.9 and 22.3 times forward earnings, respectively. For each Pfizer Share you own you will receive 0.12 shares of Viatris. ("Computershare") administers our direct stock purchase and dividend reinvestment plan for Pfizer common stock. The company will then distribute Viatris shares to holders of Pfizer stock. We need to factor in the Viatris shares holders of Pfizer stock will receive after the spinoff. Ticker symbol not specified yet. For each Pfizer Share you own you will receive 0.12 shares of Viatris . Shares have rebounded since, but as I mentioned above, the stock ended up in the red for the year. 57% of the outstanding shares of Newco common stock, and Mylan shareholders as of immediately before the Combination will ... existing Pfizer common stock or take any other action to receive Newco common stock in the Distribution, other than to hold Pfizer ... Newco will be renamed “Viatris… Source: Company filings, Capital IQ. In addition, Pfizer stock is becoming less of a consumer products company. Pfizer Shareholders will get Viatris Stock. 1125 N. Charles St, Baltimore, MD 21201. I believe Pfizer is making the right move. But post-divestiture, shares could see a boost in 2020. Pfizer shareholders will own 57% of Viatris and receive a significant dividend from the new company. Article printed from InvestorPlace Media, https://investorplace.com/2020/01/after-lackluster-2019-pfizer-stock-could-rebound-in-2020/. As of this writing, Thomas Niel did not hold a position in any of the aforementioned securities. Pfizer’s off-patent portfolio generates consistent cash flow. The reason? Is now the time to buy Pfizer stock? Wall Street isn’t so keen on its proposed restructuring. Copyright © Non-GAAP measures. Shareholder … ("Computershare") administers our direct stock purchase and dividend reinvestment plan for Pfizer common stock. Based on Mylan’s recent closing price of $20.65, this implies a distribution around $2.47 per share. After Lackluster 2019, Pfizer Stock Could Rebound in 2020, 3 Reasons to Inject Your Portfolio with Sorrento Therapeutics, Matt McCall and the InvestorPlace Research Staff, Buy Piedmont Lithium Stock Now for Unique EV Exposure, Louis Navellier and the InvestorPlace Research Staff, Trump vs. Biden: Stocks to Buy No Matter Who Wins the White House, 7 Big Tech Stocks to Buy for Blockchain and Crypto Exposure, Exxon Mobil Stock Is Still a Buy and for the Right Reasons, 7 Highly Rated Pharmaceutical Stocks for Q4, Pricey Plug Power Stock Could Keep Moving Higher, or Attract a Buyer, 7 Value Stocks To Buy in an Overvalued Market.

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