Pfizer announced that its profits fell 70% due to Wyeth acquisition costs from last year, and some asbestos blah blah blah.
That 70% profit drop will definitely sell a lot of newspapers, but know this – Pfizer’s hiccups over the past year are an anomaly due to the Wyeth acquisition. If you want to see what makes Pfizer tick in the long term, you needn’t look any further than Healthcare
Inflation data: http://www.hiddenlevers.com/hl/u?ajNPqp
So wherever you think Healthcare Inflation is going, that gives you a much better idea of long-term prospects for Pfizer than an earnings report.