Behind Teva's decline is the psychological tendency to take imprudent risks instead of accepting outcomes viewed as losses. There is a strong case to be made that this tendency drove Teva's board and executives to overpay for acquisitions and to delay cost cutting. This was predictable.
from Forbes Real Time https://www.forbes.com/sites/hershshefrin/2018/01/10/tevas-stock-price-surge-against-its-predictable-woes/
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