Wow, TEVA finally had a nice bounce after they announced their new CEO yesterday after a lengthy search process. I almost jumped in near the low ~15 last week, but dithered and missed the move. Now with the stock close to 20, it might start to fade again (?) Tough to say though.
The new CEO will have his hands full, and turning things around will take time, between the mountain of debt from their previous acquisition binge and the problems facing the generic drug sector generally.
Probably better to buy more gold anyway, just in case Rickards is right with his $10,000 prediction..
