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Teva Pharmaceutical Industries Limited Message Board

  • aurumfortunatus aurumfortunatus Nov 13, 2012 11:53 AM Flag

    Any news on Teva buyback?

    Wasn't there a 3 billion buyback in place. Have not heard the status but now would be a great time to buy shares back ahead of december 11. gl

    Sentiment: Hold

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    • I don't know when they plan on buying back more stock Aurum, but they did say at earnings that there was no stock purchased during the 3rd quarter. Again, all eyes right now are on December 11th, while I am optimistic I am cautiously so. I am really hoping Levin has something bold and fresh to say. With the stock price back under $40 it appears it will take nothing short of a miracle to get us out of this fix. It appears Copaxone (while it continues to produce great numbers for Teva) is treated like a curse, since it represents such a big part revenue and it will eventually go away once the other competition is ready to come out. I believe it has been grossly overdone, but obviously the market does not think so and thats what counts.

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