Teva Is Due For A Substantial Re-Rating

About: Teva Pharmaceutical Industries Limited (TEVA)
by: Early Retiree
This article is exclusive for subscribers.
Early Retiree
Research analyst, value, small-cap, retirement and income

Thanks to its debt offering, a heavily dilutive equity issuance has become very unlikely.

The upsized offering also highlights that debt markets are not seeing a large bankruptcy risk.

The only remaining substantial threat is the opioid litigation, and things are looking much better recently.

In my recent article "Opioids For All, But Not For Mr. Market", I expected the stock market to calm down soon and find a more rational perspective on Teva Pharmaceutical (TEVA).