And Teva Pharmaceuticals – the remarkably corrupt megacorp we’ve followed on this blog for years – does have one dumpster fire of debt. It’s way up there in the billions.
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But what’s this? Teva stock “is on fire today.”
See, they just settled – again, for several billions – the latest of … billions? … of criminal cases against them, these involving the company having been a big ol’ drug dealer during the heyday of opioid addiction (I guess we’re still in the heyday). Now that Teva has paid its way out of its most recent vileness, the company looks much more stable, and investors can heave a sigh of relief, all the while preparing to withdraw their winnings before the next gigantic criminal scheme takes Teva down for good.