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Biotech / Medical : Teva Pharmaceuticals

TEVA 20.03

-1.1%

Oct 30 3:59 PM EDT

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To: Lance Bredvold who wrote (336)	8/2/2023 10:24:03 AM
From: Lance Bredvold	Read Replies (1) of 340

So no sooner do I say I won't be buying any more than I begin buying more. It took about 4 months though and the price just seemed too cheap to miss. I began buying at $8.40 in March, then $8.00 in May and finally $7.50 in June. Unfortunately all in a taxable account. My retirement account shares are all far underwater and purchased back in 2017 and 2018 for about $19. The presumption on my part is that eventually most legal challenges will subside and investors will again begin to see a brighter future, thus bidding up the price to a PE of 10 or so. I'm no fan of adjusted EPS but others seem to be willing to bet on them, so today the earnings report with a positive .56 in adjusted EPS and loss of $.77 in real earnings comes as a pleasant surprise to many. The price is up 13% as I write, to $9.35. I don't expect it to stay that high and am contemplating selling now to buy back at a lower price in a few days. I find that initial enthusiasm usually wanes as no new news is forthcoming. I'd better check, but suspect I could sell a few at a capital loss, also. Yes, I have a small capital loss on about 1/4 of my shares in the taxable account and think I should jump on the chance to sell them now. The other shares are apt to become locked in until I die, which should not be too long and by then I may decide to buy more at $8 or below. Done, sold at $9.40 and this is written in edit. Now I'll just have to see how much higher it might go though I really expect it to drop back to less than $9 within a few weeks. So, we'll just have to wait now.

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