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Watch These 2 Cheap, Discarded Biotech Stocks

The drop in large cap generic drug companies is getting silly. Trading at single-digit P/Es, drug companies are still plunging. Value investors should get ready for the rebound.

Teva Pharmaceuticals (TEVA)

Teva reported earnings of $1.31 per share in the third quarter. Revenue jumped a respectable 15.4 percent, per the company’s report posted on November 15. At current levels ($37 - $38), investors get a great company with excellent growth. The stock’s undervaluation will correct as investors pick up the shares on the cheap. Those...