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April 28th - Hedgie Hot Stock

Thursday, 29 Apr 2010 | 5:31 PM ET

What do Greenlight Capital, Blue Ride Capital and T2 Advisors all have in common? They’re all bullish this name.

And according to Anthony Scaramucci of Skybridge Capital, that name is Pfizer .

Yup, you read that right. Boring old Pfizer is our latest hedgie hot stock!

Pfizer Key Stats
-Trailing P/E: 12.2x
-Mean consensus estimate for 2010: $2.17 per share
-Implied forward P/E: 7.6x
-Dividend yield: 4.37%

Hedge Fund Trade of the Week
Why investors should jump in on Pfizer.

Here’s why Scaramucci likes it:
-Cheap Valuation
-Lagging Markets
-Strong Pipeline

The buzz on Pfizer is that the patents are expiring and therefore it doesn’t have earnings growth, explains Scaramucci. But there are exciting developments going on in the industry – such as the Dendreon breakthrough drug - and Pfizer has plenty of cash to make more acquisitions.


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