Subject: Re: Div stocks
"as you know I have been slightly pivoting out of a small position in aggressive stocks , small part of my portfolio. Just looked at PFE and took a position. Div +/- 5.5 % , seems safe enough for a long term hold. anyone else looking at this as interest rates expected to go down... I already bought XOM at 98, Dow at 52 , and have held COP and PSX for some years.
anyone looked at PFE lately ?"

Yes, I started purchasing around $30 and continued adding as it dipped more. I find that patent cliffs with pharma stocks tend to be overrated in that no one can really predict the big revenue stream from drugs. All pharmas have patent cliffs and yet somehow they continue to survive and thrive. The large decline in price with PFE has to due with the mentioned cliffs, the big drop in Covid revenues and a feeling that they grossly overpaid for Seagate. Again, I just don't think the patent cliffs will be as bad analysts think. Regarding the drop in Covid revenues, while the drop is very real, the disease is not going away so I think those revenues should stabilize and be a continuing contributor, albeit not nearly as large as it once was. They are working on a Covid/RSV combo vaccine that has potential particularly with youngsters. The country will eventually grow out of this anti vax ridiculousness and any talk of "law suits" is merely juxtaposing one's political views onto an investment. I can't see any viable way Pfizer could be held legally responsible for helping bail the world out of the Covid crisis. And finally, they did pay a whopping sum for Seagate (wanna say it was $40B) but supposedly there's some potential there with their oncology drugs. I honestly don't know much about it but even if it doesn't pay off in the long run it was mostly paid for with the Covid windfall so while it would be a waste of money it wasn't like they mortgaged the company to do it.

One last thing (since your title was "Div stocks"). Part of my purchase of PFE came from dividends from Philip Morris International in what I call "dividend arbitrage"- taking quarterly payments from one stock and instead of reinvesting you transfer it into another stock with similar yield. It just so happened the PFE matched up with PM at round the time of purchase but I plan to continue doing this so long as the yields keep matching up or are close. Dividend arbitrage is a good way to start taking money out of one stock where you have to big of a portion of your dividends coming from. I still like PM but regulation is never going away and will always be a drain on the industry even if they are all diversifying away from tobacco right now.