Teva PharmaceuticalTEVADON'T BUYSep 07, 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)
This became the largest generic drug manufacturer globally. Then they changed their business model because they wanted to get into making branded pharmaceuticals, and that has been a disaster. At the same time, they took on a huge amount of debt to make acquisitions, which he was not hugely crazy about. Generics are now under the same types of pressures as branded pharmaceuticals. They simply have way too much debt. Not the kind of business you want to be in.