A
few days ago I wrote about my purchase of TEVA shares. The share
price continued the falling, and I was thinking about the company's
prospects. I think that the company's debt is managable on a long
term horizont, but the short term financial ratios are not so good.
That's why there are so many articles about the company's short term
financial problems and the probability of bankrupcy. But I think that
they can manage the short term problems and they will get large
support from the Israeli Ministry of Economy.
I
think that the black clouds will go away, but it needs long time. I
bought a few more shares at $18.05. I know that it is a very risky
investment, but I believe that the company worth more.
Full
disclosure: Long TEVA.
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