The following are notes from David Rosen's best investment ideas at the 11th annual J.P. Morgan / Robin Hood Investors Conference took place on October 24 and 25, 2023.
Best Idea: David Rosen (Rubric Capital)
A summary of David Rosen’s best investment ideas from Rubric:
Buy Teva (NYSE:TEVA) and Viatris (NASDAQ:VTRS):
- These stocks are currently down 60-70% but are seen as potential opportunities.
- Both companies are often viewed as “melting ice cubes” but are at inflection points.
- The generic market is also at an inflection point, with a supply response due to low prices causing increased shortages, bankruptcies, and FDA 483 warning letters.
- Branded patent expirations offer an increasing opportunity, with a 3x increase in drugs going off-patent in the US over the next five years.
- Both...
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