Is Now a Good Time to Buy the Dip on Pfizer?

The past three years have been difficult for Pfizer (PFE -0.35%). The pharmaceutical giant's financial results worsened substantially as its coronavirus-related tailwind came to a screeching halt. Investors responded by sending the stock down significantly. Pfizer has lost about 50% of its market value in the past three years. If the stock can bounce back and deliver excellent returns over the long run, initiating a position today might be a great idea. Are there good reasons to think Pfizer has what it tak ...