I posted this not too long ago: This is an article I ran across in Bloomberg about a month ago: This is a report from Bloomberg about cash stockpiling offshore by Pfizer. U.S. companies led by General Electric Co. (GE) and Pfizer Inc. (PFE) stockpiled an additional $187 billion in untaxed overseas profits over the past year, boosting their offshore holdings by 18.4 percent, according to data compiled by Bloomberg. Show me the money.What will Leo settle as the magic number? We've all placed our bets. I believe Pfizer could go much higher. They are a huge cash cow that Leo intends to milk.
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