
In todayβs post:
π What Replaces Covid Cash?

π What Replaces Covid Cash?
Pfizer $PFE ( β² 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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