5 Dirt Cheap Stocks To Buy

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In this article, we will take a look at the 5 dirt cheap stocks to buy. To see more such companies, go directly to 10 Dirt Cheap Stocks To Buy.

5. Teva Pharmaceutical Industries Limited (NYSE:TEVA)

Price as of January 12: $11.37

Forward P/E: 4.28

Number of Hedge Fund Holders: 27

Teva Pharmaceutical is an Israel-based pharma company that offers an attractive entry point for long-term investors, according to several market analysts. On an adjusted basis, Teva Pharmaceutical Industries Limited (NYSE:TEVA) has a forward PE multiple of 3.63x, compared to the industry average of 19. Teva Pharmaceutical Industries Limited (NYSE:TEVA) is known for its generics and drugs that address central nervous system diseases such as multiple sclerosis, migraine, and neurodegenerative disorders.

 Earlier this month, Teva Pharmaceutical Industries Limited (NYSE:TEVA) said that it entered settlement agreements with 48 states to resolve claims the pharma company contributed to the opioid epidemic. According to the terms of the settlement, Teva Pharmaceutical Industries Limited (NYSE:TEVA) will pay about $4.35 billion in total.

As of the end of the September quarter, 27 hedge funds tracked by Insider Monkey had stakes in Teva. The total value of these stakes was $573 million. The biggest stakeholder of Teva Pharmaceutical Industries Limited (NYSE:TEVA) was the famous value investor David Abrams’ Abrams Capital Management, with a $193 million stake.

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