Is Teva Pharmaceutical (TEVA) Trading at a Discount?

Sound Shore Management, an investment management firm, has released its investor letter for the fourth quarter of 2024. A copy of the letter can be downloaded here. The fund’s Investor Class (SSHFX) and Institutional Class (SSHVX) appreciated 1.25% and 1.32% respectively, in the fourth quarter of 2024, trailing 2.41% return for the Standard & Poor’s 500 Index (S&P 500), and outperforming 1.98% return for the Russell 1000 Value Index (Russell Value). It was a strong year for the portfolio...