PETER ROST: PHARMA MARKETING EXPERT WITNESS. AWP, MEDICAL DEVICE EXPERT.: Jim Cramer tells it like it is: "Pfizer is really a bad bond masquerading as a stock"
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PETER ROST: PHARMA MARKETING EXPERT WITNESS. AWP, MEDICAL DEVICE EXPERT.

Peter Rost, M.D., is a former Pfizer Marketing Vice President providing services as a medical device and drug expert witness and pharmaceutical marketing expert. Judge Sanders: "The court agrees with defendants' view that Dr. Rost is a very adept and seasoned expert witness." He is also the author of Emergency Surgery, The Whistleblower and Killer Drug. You can reach him on rostpeter (insert symbol) hotmail.com. Please read the terms of use agreement and privacy policy for this blog carefully.

Jim Cramer tells it like it is: "Pfizer is really a bad bond masquerading as a stock"

Cramer's 'Mad Money' Recap: Bye-Bye Big Pharma

"Everyone's asking about big pharma, but I keep hoping they mean big farms," he said. Unfortunately, nobody ever does.

Cramer said he always responds in the same way, with "No, I don't like big pharma." But because it's never enough to say he doesn't like these stocks, Cramer is dedicating today's show to big pharma.

Cramer said he doesn't mind that the big drug companies are overcharging sick people. In fact, he said, he wishes they would charge even more, because that would change the bears to bulls. He said the real reason he doesn't like this sector is because the companies have lost their growth potential and haven't made any big discoveries.

Cramer said his dislike for the sector goes beyond mere patent expirations. Generics in the group are coming out even before patents expire. In addition, many of the new drugs coming out are bad and facing lawsuits, he said.

Plus, the easy drugs have already been found, and now companies will need more time and resources to come up with new products, he said.

Big pharma is a "bad group." But even in a bad group, there are a couple of picks worth holding or buying, Cramer said. However, before naming his favorite three big pharma plays, Cramer called out a couple of stocks in the sector that he wouldn't touch: Pfizer and Johnson & Johnson (JNJ - Cramer's Take - Stockpickr - Rating).

"Pfizer is really a bad bond masquerading as a stock," he said. Plus, it has the worst of both worlds: "a weak pipe and patent expiration."

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And that pretty much says it the way I've been telling it way before Jim changed his tune. And here's another report by PWC, covered by Ed Silverman, saying the same thing: Big Pharma Can’t Go On As It Does: Report.

3 Comments:

Anonymous Anonymous said...

I work as a Registered Nurse in a big city hospital and am so sick of the conventional medical system. It cares NOTHING about patients ... it is just big business with a ton of bells and whistles and high tech garbage that confuses patients into thinking we're actually DOING something to help them. It is such a STUPID STUPID system. Stick someone in a bed and put a TV in front of them, blaring with ads for drugs and fast food and then pump them full of pills and do blood tests ... this is health "care" COME on America ... WAKE UP!!!

6/13/2007  
Anonymous Anonymous said...

I applaud you for being a whistle blower ... someone has to say something about the sad state of BIG Pharma nonsense and the obscene amount of money being made from poor ignorant patients. Keep up the good work .... NEVER, NEVER give up.

6/13/2007  
Blogger Stephany said...

bravo to both anonymous comments!

Try being a psychiatric inpatient; there are no bells and whistles there, just bad conditions and psych meds. But they do send home nice parting gifts.

6/14/2007  

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