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Teva Pharmaceuticals: A Picture of Health

 Jul 08, 2008 04:56 PM UTC
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+58.83% MID
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TEVA Positive 07/08/08 +19.17% --

6/25 - "Teva Pharmaceuticals (TEVA) is an Israeli generic drug company. Teva’s principal products include Copaxone for multiple sclerosis; and Azilect for Parkinson’s disease...It seems investors are perceiving it as a “safer” play in the midst of turbulence. Don’t think that there isn’t any growth here though."

"It is trading at a reasonable PEG ratio of 1.0 on next year’s earnings. Estimates have been ticking up as well, rising a penny to $2.70 per share for this year over the past 60 days. TEVA has also beaten estimates in each of the past four quarters by an average margin of 5.1%. We see the stock around $52 within 6-to-12 months."


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7/7 - "We are adding Teva to the Americas Conviction List following Monday’s ~9% pull-back (S&P 500 down ~1%) which eliminated ~ $3.4 billion in equity cap and has now placed shares near a 5-year low on P/E. While disappointing Copaxone 40mg (FORTE trial) phase III results tempers one source of potential upside, we see Azilect as the more important near-term driver to franchise value. Combinati...


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Zane
zanewaltz   40%     1 point   commented 510 days ago reply

Parkinson's Disease has never been slowed by any drug in over 100 years since identified. Now TEVA has a new drug Azilect, that can do this. I agree that this is a very good company to take a chance on, especially with the recent drawback in the stock price.


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