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Teva Pharmaceutical Industries Limited Message Board

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  • dumsani79 dumsani79 Nov 13, 2012 3:58 PM Flag

    Any news on Teva buyback?

    Perhaps TEVA thinks it has better use for the money or perhaps they think the shares will get cheaper. I'm very disappointed in the way this stock has acted. I believe generics are a good place to be in but Mylan appears to be running on all cylinders while TEVA is in reverse.

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    • I'm very disappointed in the way this stock has acted.

      Dumsani, I do not think there is a person on this board who is not disappointed with the way this stock has behaved. The company remains strong, is growing and has a great looking future. We have had many of the regular members of this board give up this year and move on, I certainly cannot blame them. I choose to stick at this point because I am very thick headed and believe things will eventually turn. I also have plenty of cash to invest at the moment. I believe we have more downside in the market coming and I am being very patient. Levin has been on the job now for about 6 months and he appears to be moving things in the right direction, it does however take time. During his short stint we have seen a bunch of positives, notwithstanding the fact that Teva supposedly has a plethora of drugs in late stage development. I am waiting for next month to hear what the man has to say and will make my decision then.

43.36-0.49(-1.12%)Oct 26 4:00 PMEDT