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Teck Resources Limited Class B Subordinate Voting Shares (TECK.B)
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Teva Pharmaceutical Industries Limited American Depositary Shares (TEVA)
Q: Hi,
It seems that many of your members have noticed the decline in TEVA and are optmistic for its recovery. This situtation reminds me a bit of TECK from 2015. I never purchased TECK back in 2015 when it was sub $5 because you cautioned about its debt level. TECK has since gained to $27. Do you have more concerns about TEVA now than you did about TECK two years ago? There is certainly upside to TEVA, but a cheap stock can always get cheaper.
Even now, the short interest (according to my RBC account is less than 7%). Have the short sellers moved on from this one?
What is the probability of bankruptcy? If this isn't likely, how much worse can it really get?
It seems that many of your members have noticed the decline in TEVA and are optmistic for its recovery. This situtation reminds me a bit of TECK from 2015. I never purchased TECK back in 2015 when it was sub $5 because you cautioned about its debt level. TECK has since gained to $27. Do you have more concerns about TEVA now than you did about TECK two years ago? There is certainly upside to TEVA, but a cheap stock can always get cheaper.
Even now, the short interest (according to my RBC account is less than 7%). Have the short sellers moved on from this one?
What is the probability of bankruptcy? If this isn't likely, how much worse can it really get?