Top 10 'New Frugal' Stocks
OptionsZone Experts, May 8, 2009
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Frugal Stock #8: Teva Pharmaceutical Industries
As Americans cut back on goods and services, there is one area of personal spending that isn't so easy to trim. That area is medical care, and, in particular, spending on essential medications. Fortunately, there are two firms on our Frugal Nation Top 10 list that deliver meds at a discount.
The first is generic drug maker Teva Pharmaceutical Industries (TEVA). The company is the world's largest generic drug manufacturer, and with more than $100 billion in patented drugs either already off, or slated to come off patent and go generic between 2008 and 2012, Teva is in the driver's seat when it comes to delivering drugs to a Frugal Nation.
The secret sauce that makes Teva a great stock going forward is their pipeline of proprietary drugs for central nervous system disorders. Also, the company is extremely well managed, and its sales continue expanding as more and more doctors and patients make the switch to generics.
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