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Pfizer: Buy This Big Yielder On The Strong Pipeline
PFEPfizer(PFE) Seeking Alpha·2024-07-09 11:44

ProArtWork Pfizer's (NYSE:PFE) cash flow from operations in 2022, driven by sales of the company's COVID-19 vaccine and Paxlovid, hit 29.267billion.Fastforwardto2023,andwithCOVIDlargelybehindus,revenuefromthoseproductsplummeted,pushingcashflowfromoperationsdownto29.267 billion. Fast-forward to 2023, and with COVID largely behind us, revenue from those products plummeted, pushing cash flow from operations down to 8.7 billion. With that in mind, it's not difficult to understand why the stock fell by roughly 23% over the last year. But there is more to Pfizer than coronavirus meds. The firm has a solid drug pipeline, and in an industr ...