+- Dividend Growth Forum (http://DividendGrowthForum.com)
+-- Forum: Dividend Growth Investing (http://DividendGrowthForum.com/forumdisplay.php?fid=15)
+--- Forum: Individual Dividend Growth Stocks (http://DividendGrowthForum.com/forumdisplay.php?fid=35)
+--- Thread: Viatris VTRS (/showthread.php?tid=1948)
Viatris VTRS - SJC3510 - 01-16-2021
Good morning everyone. Wondering what people are doing with their VTRS shares that were recently spun off by Pfizer. It’s a tiny position for me and just not sure yet what to do with it. From what I’ve read it’s expected to be a higher yielding, and probably slower growing name. If you received any shares as a spinoff, I’d love to hear your thoughts on it. Thanks!
RE: Viatris VTRS - fenders53 - 01-16-2021
(01-16-2021, 12:00 PM)SJC3510 Wrote: Good morning everyone. Wondering what people are doing with their VTRS shares that were recently spun off by Pfizer. It’s a tiny position for me and just not sure yet what to do with it. From what I’ve read it’s expected to be a higher yielding, and probably slower growing name. If you received any shares as a spinoff, I’d love to hear your thoughts on it. Thanks!Waited for a spike and sold them. PFE spun off the low growth part of their business I suffered with for decades. I spun them off when I had a chance.
RE: Viatris VTRS - DividendGarden - 01-16-2021
I generally just hold them forever, but I'll probably sell most of these at some point, but no rush.
RE: Viatris VTRS - MikeWa - 01-16-2021
Sold my shares, but wife kept hers.
RE: Viatris VTRS - fenders53 - 01-16-2021
My previous comment could probably use a little context. I don't think Viatris is necessarily a bad stock. I am just assuming they will like end up like other generics manufacturers. I don't like most of those long-term charts. To me it is a value stock with very slow or no growth until there is reason to believe otherwise. I already own enough of those stocks. I also own about 6 health stocks so I put the money in BMY and JNJ. If a rough market were to overly correct VTRS and the dividend looked solid, it might be added to my watchlist. At the time I only had about 60 shares so it wasn't a big decision.
It's worth mentioning PFE hasn't exactly run since spinning them off, and taxes are a consideration if you don't own them in an IRA. A lot of us here do considerable trading, and most of us aren't paying taxes when we flip.