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Pfizer (NYSE:PFE) is reportedly closing two facilities in the Raleigh, N.C., area as part of a cost-efficiency initiative.
The drugmaker plans to shut its facility in Kit Creek and a clinical manufacturing facility in Durham. The company’s largest N.C. facilities, including two in Sanford and one in Rocky Mount, remain open, according to Raleigh news station CBS17.
In September, Pfizer announced it had restarted production at its Rocky Mount plant, which had been badly damaged by a tornado in July.
Have been saying this for many years and no one agrees with me, but stock would do better after a reverse split. It is all psychological.
@dmau3 NO stocks EVER do well after the kiss-of-death RS!
Meanwhile many other pharmas create alpha vs pfe
Pfizer is a screaming buy. Rule number one: Always accumulate Big Blue Chippers when they are oversold. Rule number two: Laugh at the boo bird paupers who think they look smart bashing Blue Chip Company that is oversold.
@TheWallStreetKid rule number three look at the 25year chart and notice the price is lower now than 1999. There is no substitute for good management.
@TheWallStreetKid – Rule #4, fire the USELESS CEO that adds NEGATIVE SHARE HOLDER VALUE!
I thought people had taken COVID 19 shot at will, and forfeit to hold pfc from liabilities.
This company has gone nowhere in 10 years minus the dividend avoid there are 1000s of better choices for divdend or growth, 10 years from now the stock will still be around current price 27 to 32 dollar range.
This is what I would say is a good start of closing doors at PFE. Hopefully they can continue the jester by asking bourla to step down.
old saying goes “what do you call 3 lawyers at the bottom of the sea” a good start.
@Randol33 Albert “Daily 52 Week Low” Bourla needs to go!
Beam restructuring and pfe restructuring seem related. Another shoe to fall.
Phizer is loaded with cash from the covid windfall. That’s a good thing!
@benet1800 but the stip just continues to get smoked lower !!
Pfizer should have put aside more $ for buybacks.
Oh well, least it has a yield that’s comparable to the 10 yr while the stock does nothing & company does a few more bad acquisitions.
Pfizer will be > 30 dollars ten years from now. Paying over 5% now. I’m just hoping to be above ground in 10 years. Pfizer will okay.
Now they just need a drug to treat cardiac arrhythmia and they can make serious bank.
The curse of the Covid Windfall; stock down 30% in five years!
Could have been worse NVAX down 75%!
MRNA only winner up 300%, but for how long?
No one wants the vaccine anymore. lol
Saving money for all the lawyers they gonna need.
@bigbenorr Please give it a rest. They were given immunity by the government, and any lawsuits will be settled for fractions of the COVID windfall earned.
@101Investing101 They gave poison they knew would harm/kill many people.
Good luck with *immunity* when the massive class-action lawsuits start flying.
50% chance of bankruptcy within 5-10 years IMO.
@Chart_Browser – unlikely… shorts have made their killing; now it’s just final tax loss selling. Sideways next year until BoobLa finally gets booted..