Ignore Buffett; Teva Is Insolvent
Under Jerome Powell the Fed appears to have removed the punch bowl. Also, Buffett’s investment hurt short sellers. That spike from short covering could be over. Now investors will likely have to focus on Teva’s fundamentals. In January 2018 the Shock Exchange questioned how long Teva could carry on without an equity raise. Now Shocking The Street, a premium investment service in conjunction with Seeking Alpha, estimates the company is insolvent. Who do you believe? Buffett or Shocking The Street?
