Teva PharmaceuticalTEVACOMMENTAug 14, 2017Stock price when the opinion was issued
As of Jun 04, 2026. Market Open.
HQ is in Israel. Large-cap pharma. Right now, #1-ranked in his ADR/CDR universe (international stocks with American/Canadian Depositary Receipts). We've seen rotation into drug stocks. Broke out over $21 in September and has kept right on going. Very strong accumulation for about 6 months now. No dividend.
(Analysts’ price target is $34.50)
Has been following this closely, because he had owned it for the past 15 years, although exited it about 2 years ago. The reason for the last sudden drop is because of 2 or 3 developments. First of all, they don’t have a CEO or CFO. They cut the dividend, and also indicated that there would be some issue complying with debt covenants. Made some ill-advised acquisitions, at a time when there was a lot of generic inflation. Also, Copaxone came off patent. He wants to wait for them to either raise some capital, do some asset sales or something else to get the debt that he is more comfortable with.