Official Company Update - Bankruptcy

How long before the cash runs completely out?

 

Bankruptcy filings will occur in late November, early December this year.

 

What does that mean for the sales force?

 

You seriously can't be this dumb! Well, I guess you are because you are still with this titanic of a company. It means you wont have a job, duh!!

 

Guys I left Teva years ago. I didn’t sell my stock waiting for the value to go up. Should I sell now before the company bankrupts? What happens to stocks when a company goes bankrupt?

 

Quit all this talk of Teva going bankrupt. Let me go on record as someone with no dog in this hunt, but only as a someone who has over 25 years in corporate labor law and bankruptcy litigation. There is no way that will ever happen to Teva. Will they sell off profitable assets? Possibly Will they continue to control costs? Yes. Are they preparing for the future volatility and uncertainties of the pharma industry, Absolutely.
Without boring everyone on this site with all the details, trust me when I say that dealing with foreign held entities and the ramifications around fighting with Israeli managed labor unions, is something that any U.S. Court system will ever be able to deal with, let alone handle the many years of trying to gain solvency. This is a totally different situation due to the International and world wide corporate legal holdings and is nothing like the corporations here in America that go bankrupt. Just look and see how long its taken to shut the doors of most of those corporations here in America. Just Google it....
Teva can and will still be profitable over the long run due to its generic manufacturing and I guarantee you that behind closed doors every effort is being made to protect their ass, even with all the potential litigation coming down the road with this opioid situation and other class action litigation. Don't get caught up in all the hype.
Yes the stock price sucks, but then again Teva's real value is in the people over in Israel that will make all the decisions.

 

So what is a guy like you posting on this site for?

 

Because I am just fed up with all this talk of bankruptcy when in fact those with cash on hand should be buying in right now if you are somewhat of a progressive investor. If you don't have the cash flexibility than just go put what extra money you have elsewhere. That is fine and totally acceptable if you aren't a risk taker.
Trust me on this one when I say that a $6-$7/share buy in right now might seem bizarre, but in 3-5 years your proceeds will be paying off mortgages and college loans for your kids.

 

A. You are an ass bag that doesn’t know shit about bankruptcy law on a global investment fund scale
B. Teva is already seeking terms/approval from the Ministry of Finance in Israel for it
C. Teva will NOT be able to meet the debt load payments due early next year
D. There will be further reduction in Teva US Operations this December

 

No sales reps left. Everybody is leaving.

 

Ok Mr. Know it All, if you're such an expert why are you so confident, other that your obvious disdain for Teva?
A. What the hell is an "ass bag"?
B. You have your answer to C& D with the use of the term "Global Investment Fund Scale" in statement A, since I guess you know nothing about dealing with the Israeli government and/or it's Minister of Finance. Teva is the largest employer in Israel so I guess you're not aware of how the labor unions control major corporate entities over there? This in itself could take years for their court system to come to terms with.
C. They will absolutely meet their dedt load payment schedule with the re-structuring of notes, just like most corporations do in this type of situation. It's just paper and these things get re-structured daily/quarterly and yearly in the global investment markets. Albeit not the best situation, but Teva still does show good free cash flow every quarter with generics, bio similars and it's specialty brands, which will certainly continue for the next several years due to cost and overhead reductions that have been on going since 2018.
D. You are correct, there will be further reduction in Teva US Operations (duh), but well past December. Have you not read about any of the re-structuring plans or corporate consolidation strategies? All this is a good thing and will benefit the organization over the long run as it continues to be more lean and efficient.

The last time I checked, there were still payroll checks going into employee accounts as well as bonuses being paid out quarterly and those that are at Teva aren't getting as anxious as you are to see this company go down. That is the sign of great people just doing what they're paid to do every day. Those who have chose to stay are here. Those who wanted out are gone - That is perfectly fine.

Check back later as soon as you have more definitive information on bankruptcy and Teva being dissolved by December. By the way, don't hold your breath, because even if things do get as dismal as you say, you could be holding it for the next 3-5 years.

 

All true

 

Teva is no longer the largest employer in Israel, you are very much uniformed and the rest of your gibberish is simply ignorance. Your comments throughout gave everyone a great laugh though, didn't realize idiots tried this hard, you have at least changed that.

 

An ass bag asking what an ass bag is is possibly the funniest thing I ever saw on here. Thanks for the entertainment... ass bag!

 

Since we like lists:

So the dude pretending to be a corporate lawyer is either..
1. Teva internal lawyer trying to reassure Teva employees
2. Owns lots of Teva Stock and prays everybody doesn’t dump it now
3. Micromanager that rides with reps 3 days a week
4. Nervous Fatboy from Indy waiting for payout to buy his donut factory
5. Warren Buffet

 

“I’ve ever seen” is the correct grammar, hillbilly.

 

This is the winner of the internet this week, how can you not laugh hysterically at this!!

 

I hope you are right. I have over a 1,000 shares which I purchased between 30 and 50 each. I would take a 20 price and cash out now. Yet, since it’s so low I might as well ride it for the long run

 

SPOT ON!!

 

Dog