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Why Is Pfizer Borrowing $1 Billion When Its Cash Stockpile Totals Nearly $22 Billion?

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Why Is Pfizer Borrowing $1 Billion When Its Cash Stockpile Totals Nearly $22 Billion?

Pfizer (NYSE: PFE) isn't hurting for cash. The company reported a cash stockpile of nearly $22 billion in its second-quarter update. However, it recently announced that it's borrowing $1 billion. In this Motley Fool Live video recorded on Aug. 18, 2021, Motley Fool contributors Keith Speights and Brian Orelli discuss why the big drugmaker decided to borrow money when it already has plenty of cash on hand.

Source Fool.com

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