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I think it’s undervalued. Keytruda is very good and their pipeline is under estimated. Until 2024ish I’m not moving out unless I see big issues. PE ratio is also good compared to industry and PEG ratio as well, only ABBV is comparable lower in PEG. Would love to hear the other side on this.
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I don't agree with it but that's the other side right now. "Boomer" stocks aren't cool. Makes me feel like it's a great time to move into them tbh.