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Originally Posted by woj
there is one catch though, biotech companies are generally not very profitable...
do you ever hear "if I would have invested $5k in pfizer 10 years ago, I would be worth $500k now"? you don't, cause you would at best double your money in 10 years, and that's including dividends along the way...
so while it sounds like a scam, no one is actually getting rich off it....
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No blue chip stock is going to give a 1,000% return in 10 years.
Last year Pfizer profited $40 billion, in perspective the largest oil company Exxon profited $36 billion. Yea, no one is getting rich. Pity the poor pharmaceutical companies.
