Teva Pharmaceutical Industries Ltd (TEVA)

[Scapes]

Not sure I get your point.

The question isn’t is this a great stock with huge upside potential for years to come, I think everyone on this board already knows that, the question is at what price?

Sure, Berkshire owns about 4% of Teva shares but they also lost over $216,246,475 since they bought it and I hadn’t seen that they’ve picked up more shares in the latest quarterly report even though the stock was well below what they paid for it (avg share price $12). Just to clarify it doesn’t appear as thou this was a Buffett pick directly but rather it was picked up by Ted Weschler and Todd Combs or possibly Charlie Munger, of course with Buffett’s approval.

Furthermore, Buffett also owns about 27% of Kraft Heinz (KHC) which he paid around $72.50/share which is now trading at $27.28. That’s a loss of around $14,728,462,818.

My point is that Buffett, the world’s greatest investor, can absorb these types of losses and I can’t so I have to be very conscientious about price. If I want to add 10,000 more shares at $7 I can do that and avg down but If I’m looking to add 100,000 shares I want to be absolute about the price before pulling the trigger. For that my target is between the $3-$5 range and based on all the news and litigation surrounding the stock it’s possible it may hit that target prior to climbing back up. Time will tell.