In today’s post:

  • πŸ’‰ What Replaces Covid Cash?

πŸ’‰ What Replaces Covid Cash?

Pfizer $PFE ( β–² 0.4% ) made $11 billion from COVID in 2024. It's guiding for $5 billion in 2026.

That's a six billion dollar hole, dug in three years, by a company that isn't allowed to look panicked about it.

But is the rest of Pfizer growing fast enough to make that hole irrelevant?

The stock is down over 6% in the last 6 months so the the market's current answer is "prove it."

Let's go through the evidence.

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