Long term; depends on the individual (for me; 10 to 15 years.)
You bought in 2010 (so what; that's only 2 years ago.)
Noone; & I do mean noone, is able to cop the bottom on an issue.
The company is obviously going through a transition period.
They are; however, the worlds largest generic drug manufacturer.
If you don't believe in the business & its management; sell & take your loss.
If you do believe; take another dip & average down (depends on your risk tolerance & your horizon.)
I like company's with a margin of safety & I believe at these prices; TEVA has a small one based on DCF & a large one at intrinsic value.
Everyone makes mistakes & I am not immune to them either but overall; great decisions make up for poor ones (if you maintain a disciplined strategy of analysis & purchasing.)
Out of every 10 issues I've invested in over the past 2 decades; 2 have been losers, 2 have been stellar & the rest have paced the market (+/-)
Read: Philip Fisher & Ben Graham (everything they've done) & then develop a rigid & disciplined philosophy & stick to your guns.
You will be right & you will be wrong but you will also be comfortable when you retire.
For a day trading tool like you; yes I can see how 10 years would seem a long time.
I'm surprised you're able to use "rich" in a sentence as attaining any semblance of the word would obviously be a stretch for you.
I think that's the problem with most so called investors.
Inability to unclench...
Investment = Long Term (speculators can day trade their lives away)
If the thesis is right then eighths & quarters don't matter.
Neither does short term market sentiment since intrinsic value reflects eventually!
The stock gets left in the dust while the company continues to perform.
Forget about the stock & look at the company.
Read Philip Fisher & Ben Graham or have a miserable retirement...
Intrinsic value always wins over short term market sentiment!
I added a bit today too & will add more if it dips again.
10 years later = Solid Gain!
It's odd that he practically blew Philip Frost on the show & now he trashes TEVA.
I guess Frost didn't call him after their little love fest & he feels jilted!
How can you make a case against the worlds largest generic pharma in the face of the so called patent cliff?
I know; I know, Copaxone (old news & already priced in...)
I do not believe these guys are just sitting on their hands here.
I hope Cramer's little rant sends TEVA sub $30 so I can average down (don't expect much of a move sub $37 though since TEVA is already being ignored by the market.)
Anyone else with a 10 year horizon on TEVA?
I own AFL at $40 & change & still consider it a strong buy for my 10 year horizon.
I wish the talking heads would start whining about long term low interest rate environments & their affects on the investment portfolios of financials like AFLAC.
I'd load up the truck sub $40!
10 years from now the psychology/psychosis of the markets will skew in favor of AFLAC.
(Buy into irrational fear & sell into greed - 1 or the other is always available somewhere in the market)
Sentiment: Strong Buy
Once again; your ignorance shines through...
Think Brasilian Portuguese burro!
I'm in with a 10 to 15 year horizon on STO.
I believe it present a better value than CVX, COP & all the others...
No short term gains to be had here but as stream of income for a retirement 10 to 15 years from now; IMHO buy!
E talvez voce nāo pode fazer amizade; rapaz...
Friends of yours?
I work here & am friends with quite a few Brasilians who work for OGXPY & they've heard nothing of this.
Substantiate your statement LumaRumor...
I'm grabbing more today & waiting for FPSO arrivals & subsequent production increases!
$10 by next Spring...
The statement you mention shows a disconnect from reality.
How can we expect a guy like that to manage interest rate risk?
However; what bothers me most is the misalignment between the stated goal of value enhancement for customers, employees & shareholders, against actions like increased salaries for poor performance.
Empathy Initiative my hind end; this BOD has no empathy for anyone except themselves.
Most of my investments are in companies I'd like to own forever.
In this case; the position is so small that I'll let it ride as a spec.
I believe the market is still averse to financials & they love a good dividend.
If & when a divvie increase shows; there will be a pile on here & I'll take my meager profit & put it in AFL or one of the others on my watch list (with stable & trustworthy management) which is fairly priced at the time.
I just can't picture Charlie Munger eating lunch with this guy & enjoying it...
Unless of course he enjoyed slicing the dumb SOB with that sharp tongue of his!