Is Teva Pharmaceuticals a Safe Stock to Buy Now?
Investment guru Warren Buffett once said, "Most people get interested in stocks when everyone else is. The time to get interested is when no one else is. You can't buy what is popular and do well."
That sentiment could not be more applicable to shares of Teva Pharmaceutical Industries (NYSE: TEVA). Since 2015, Teva stock has lost nearly 80% of its value in the face of loss of exclusivity on key branded drugs. In fact, Buffett still himself owns 42.8 million shares, or a 3.8% stake in the company. Will Teva be able to lead Buffett and contrarian investors alike to riches?
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Source Fool.com
