The Battle for Pfizer Begins

The Compound and Friends

Josh Brown

News, Business, Business News, Investing

4.8 • 1.9K Ratings

🗓️ 21 October 2024

⏱️ 27 minutes

🔗️ Recording | iTunes | RSS

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Summary

On this special episode of The Compound and Friends, Robert Armstrong, US financial commentator for the Financial Times, joins Josh Brown to discuss the revelation that activist hedge fund Starboard Value has taken a billion dollar stake in Pfizer. Don't forget to sign up for The Compound Newsletter to receive Callie's free Election Chartbook! Instagram: https://instagram.com/thecompoundnews Twitter: https://twitter.com/thecompoundnews LinkedIn: https://www.linkedin.com/company/the-compound-media/ Investing involves the risk of loss. This podcast is for informational purposes only and should not be or regarded as personalized investment advice or relied upon for investment decisions. Michael Batnick and Josh Brown are employees of Ritholtz Wealth Management and may maintain positions in the securities discussed in this video. All opinions expressed by them are solely their own opinion and do not reflect the opinion of Ritholtz Wealth Management. The Compound Media, Incorporated, an affiliate of Ritholtz Wealth Management, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. For additional advertisement disclaimers see here https://ritholtzwealth.com/advertising-disclaimers. Investments in securities involve the risk of loss. Any mention of a particular security and related performance data is not a recommendation to buy or sell that security. The information provided on this website (including any information that may be accessed through this website) is not directed at any investor or category of investors and is provided solely as general information. Obviously nothing on this channel should be considered as personalized financial advice or a solicitation to buy or sell any securities. See our disclosures here: https://ritholtzwealth.com/podcast-youtube-disclosures/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Ladies and gentlemen welcome to the compound and friends if you're hearing this I am in
0:05.8	Omaha my first trip ever to Omaha Nebraska I'm there to give a talk to the Financial Planning Association of Nebraska. I am also going to visit
0:17.8	my friends at Carson Wealth and say hello to Ron Carson and I think I'm going to eat a whole bunch of steaks. So I actually
0:26.3	put this on LinkedIn I asked for a bunch of suggestions. I got way more back than
0:31.0	I'm going to have time for so there'll be a little bit of prioritizing.
0:34.4	I'm also going to maybe stock Warren Buffett.
0:37.2	No, I'm definitely not going to do that.
0:39.2	But if somebody listening knows how to get me in touch with Warren while I'm in town.
0:44.0	Feel free to reach out.
0:47.0	All right, I want to tell you that tonight's show.
0:50.0	So as many of you know, I'm in Pfizer stock. It's something I've been sitting in for a year.
0:56.0	I feel trapped. I'm not really trapped because it's trading a little bit above my cost average.
1:02.0	I could sell it any time, but I'm stubborn.
1:04.7	It's 10 or 11 times earnings, 6% dividend yield. It refuses to rally.
1:10.6	Everything else is up.
1:11.6	Literally, you could throw darts and make money in the market this year and this stock just will not budge.
1:17.0	But now there's an activist and to discuss that story with me, I brought in Robert Armstrong, who is covering this unfolding
1:26.4	saga for the Financial Times.
1:29.0	And Rob is first time on the channel.
1:32.0	So I think we had a really great conversation I can't
1:34.6	wait for you to hear it I have nothing more on that front but I do want to tell
1:38.4	you for those of you subscribe to the compound the, which everybody should be, we are doing something
	...

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