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Biotech / Medical : Teva Pharmaceuticals
TEVA 20.25+1.1%9:53 AM EDT
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From: Lance Bredvold12/6/2022 12:31:47 PM
1 Recommendation

Recommended By
RonBerk

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Thinking a bit more about the legal problem TEVA faces with opioid settlements. I am aware that juries will always give enough away to bankrupt the golden goose. And there will always be one more litigant who will risk getting nothing to get just a bit more of a benefit. Or who decide to enter a lawsuit later than most. Thus, it is in the TEVA;s interest to have litigants solve the problem of getting the maximum amount possible while still leaving the company able to survive and pay it. They can't demand all the money be put into escrow as TEVA doesn't have that much at the time of agreement.
My conclusion is that we want all challenges settled in a fell swoop with no hanger ons trying for another buck. And whether it's possible for an agreement which places a set amount into an endowment over which all the remaining claimants can fight for a limited pot is possible or a spunout company which takes on all the new claims but has a limited ability to generate more cash flow while leaving the rest of TEVA functioning in it's traditional role--I don't know.
For me then, I don't want to own more TEVA until I'm pretty sure they have all the challenges behind them and then I can see a huge recovery as EPS becomes predictable and the low PE expands to more normal size.
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