Starboard CEO Jeff Smith Says Consensus Estimates For The Revenue From Pfizer's Acquisitions Is $13B Vs The Promised $20B In 2030; Says "Something Inside Pfizer Isn't Working, In Their Discipline Around The Investment Spend That They're Making"
Portfolio Pulse from Benzinga Newsdesk
Starboard CEO Jeff Smith criticizes Pfizer's acquisition strategy, stating that consensus estimates for revenue from these acquisitions are $13 billion, falling short of the promised $20 billion by 2030. He suggests issues within Pfizer's investment discipline.
October 22, 2024 | 1:51 pm
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Pfizer faces criticism from Starboard CEO Jeff Smith over its acquisition strategy, with revenue estimates falling short of promises. This raises concerns about Pfizer's investment discipline.
The criticism from a prominent investor like Jeff Smith can negatively impact investor sentiment towards Pfizer, especially as it highlights a significant shortfall in expected revenue from acquisitions. This suggests potential issues in Pfizer's strategic planning and investment discipline, which could lead to a negative short-term impact on its stock price.
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