The situation in TEVA seems to continue to worsen financially. The company’s bonds continue to fall sharply. The company’s debt yield for 2028 now rises to 10.15%, and the yield for 2026 is currently trading at 9.1% -9.2%. These levels again signal the market’s lack of confidence in the company’s ability to meet its commitments in the coming years.
If that is not enough, US painkillers related to the case are taking a hit today. The case-related companies have in the past two weeks asked the federal judge in the Ohio case to disqualify himself from the case, claiming he is biased against them., Arguing that “I am sure no reasonable party can doubt my judgment.”
TEVA SHORT (Sell)
ENTER AT: 5.97