Well my reason for rejecting "never" is not based on the science as much as on the economics.
Yep.
Understand.
My reaction is to reject "never" intuitively or just because I will not last that long.
But I do not really care about "never".
What if it takes them 5 years? This debate will have ended years before that.
On your economic argument. Assume for the moment that Teva is splitting the pie with another company. The question becomes a closer one. Assume further that they have other promising targets. What will have the highest ROE?
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There are times when rules and precedents cannot be broken; others when they cannot be adhered to with safety. (Thomas Joplin)