PFE - Josh Brown Just Bought This Stock Trading At 11-Year Lows Paying A 6.5% Dividend: 'They Always Find A Way To Rebuild' | Benzinga
Ritholtz Wealth Management's Josh Brown believes the best opportunity in the market right now is in a pharmaceutical stock that’s trading at the same price it was at more than 10 years ago.
What To Know: Tuesday on CNBC’s “Fast Money Halftime Report,” Brown made the case for buying Pfizer Inc (NYSE:PFE) stock at current levels.
“This is very far away from what people are doing. This stock is on the 52-week low list. It’s actually at an 11-year low. We haven’t seen it trade at these prices since December of 2013,” Brown said.
“There’s just no great near-term catalyst for this stock, and as a result, people are coming out of it and looking for other things to do that might be more rewarding ...