And finally, given the prevailing market conditions, we believe that share buybacks represent an attractive investment opportunity for the company and a prudent use of our capital. And to punctuate what Jeff mentioned earlier, we intend to buy back shares opportunistically as market conditions warrant.This statement tells me that Pfizer believe their shares are cheap and they are likely buying back shares. The combination of this and negative sentiment towards healthcare shares makes me believe Pfizer will outperform going forward.
More Agressive On Pfizer
I became more aggressive on Pfizer this morning. The following comment from the conference call (courtesy of SeekingAlpha.com) caught my attention