If we make a simple calculation based on the data that was published today in the MF article:
"...Moreover, the company also repurchased nearly 28.1 million shares for nearly $1.2 billion during 2012."
We could see that Teva paid a price of $1.2 billion / 28.1 million shares = $42.70 for each share that they have purchased.
Based on today's current stock price of $37.80, Teva lost $4.90 on each stock that it has purchased (11.48%), totaling a Dollar loss of $137.82 Million.
So far – very bad investment indeed.
My simple conclusion is that:
- either they know something at Teva that Mr. Market doesn't know, :)
- or that Teva BOD is just throwing good money after bad money. :(
So which one is it...???
I will go with Teva knows they have a blockbuster coming.... Just a matter of time, and meanwhile they print money LOL..
13770 / 3.6230 = 38
Shouldnt divert much from this value...at least today.