I owned shares of (NYSE: PFE) when the COVID-19 pandemic started. Watching the stock soar over 60% in roughly two years was fun. Seeing Pfizer's share price fall nearly 60% from its peak wasn't so fun.

Have I been tempted to sell during this major decline? Nope. Instead, I'm buying this beaten-down, high-yield dividend stock hand over fist.

It's understandable why Pfizer stock has fallen so much. The drugmaker has faced some big challenges and has more on the way.

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Source Fool.com