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Biotech / Medical : Teva Pharmaceuticals

TEVA 32.04

-1.5%

Jan 9 3:59 PM EST

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To: Doug who wrote (220)	6/15/1998 4:44:00 PM
From: Harold Engstrom	Read Replies (1) of 340

Doug, management that continually promises the rainbow over the next horizon and blames poor results on circumstances outside their control is among my least favorite company attributes. Management's job is to anticipate problems and ensure that performance is not affected by those problems. In addition, Teva hypes its products in advance - that is probably fine for a toy manufacturer, but bad form in pharmaceuticals where the proof of the pudding is really in the eating. Braggadocio can have a devastating effect on companies whose stock in trade is credibility - like pharmaceuticals and financial concerns. Don't like Teva's behaviour at all. Would consider buying on fundementals however, if the stock price gets ridiculously low.

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