I started reading over the Schering-Plough (SGP: chart, web, Y!) 2007 financial report in an effort to do some more research.

Interestingly enough, I’m starting to rethink my position on Schering. SGP had really fallen out of favor with me since the whole Vytorin mess really blew up, and the stock price sunk to $13.83 per share for its 52 week lows.

After digesting some of the numbers though, I don’t think things look all that bad… at least not bad enough to justify the $18 share price.

Back in November of last year, Schering bought Organon BioSciences (OBS) for about $16.1 billion.  Effectively, that entire acquisition …

Schering Plough (SGP: chart, web, Y!) just can’t win, and I’m happy I decided to sit on the sidelines to watch the show. The more they try to pump the Vytorin drug, the lower the stock sinks.

Last week the stock got ploughed after doctors revealed they wouldn’t recommend the drug to their patients. Ouch!

So now Schering has resorted to cutting jobs in order to save money. Not good. Not good at all.

This certainly doesn’t look like a good buy-it and forget-it stock.

I’ve been watching Schering-Plough (SGP: chart, web, Y!) since I started looking for my next buy-it and forget-it stock. The stock price has fallen considerably since then on news that a company study produced disappointing results on the effects of Vytorin, a next generation cholesterol drug.

They study showed that Vytorin had no benefit on the buildup of artery plaque over the older drug Zocor. The silver lining to this story that is easily glanced over is that Vytorin cut bad cholesterol 40% more than Zocor or Zetia (Vytorin is …

I’ve been doing rather well in my Roth IRA for the last year. I’m holding Provident Energy (PVX: chart, web, Y!), which turns a healthy 11% dividend and pays monthly, Duncan Energy Partners (DEP: chart, web, Y!), which recently increased its dividend by 2.5%, and my company stock, which has better than doubled over the last year.

Being in the oil industry, I think it’s safe to say that I’m overweight in oil and gas; which, at this point in time is not such a bad thing. However, down the road, I foresee a major pullback in crude prices, which will not be such a good thing for the industry.

So, I’ve set out to find the next great “buy-it and forget-it” stock. Naturally, I don’t literally mean forget it. I just don’t want to have to watch the stock price every day with a twitchy trigger finger on the sell button.

I want a stock that I’ll hold for 2 or 3 years at a minimum, pays a bit of a dividend, but has tremendous room for growth, not only as an individual company, but I’d like to see a good forecast for growth in the sector too.

Here are a few options I’m looking at, for various different reasons.