Replies to post #79913 on OWC Pharmaceutical Research Corp (OWCP)

[valueinvestorconso]

yep.

[DigitalTradz]

That turned out to be false, they didn't layoff 6,000 workers.

Teva was forced to deal with rumors that it was set to lay off about 6,000 people from its workforce to reduce its expenses. For those who may not recall, its acquisition of Actavis put Teva in a pretty deep debt hole, and reduced expenditures via layoffs are a genuine possibility. The rumored layoffs turned out to be false, but it nonetheless struck a chord with investors.

https://www.fool.com/investing/2017/04/05/history-comes-back-to-haunt-teva-pharmaceutical-in.aspx

Might want to listen to the webcast available thru their site on May 11. It could give some hints as to what could or could not be happening with OWCP.

My one post for today. GLTA