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Hedge Fund Trade Of The Week: Teva

Where’s the fast money finding opportunity? In this regular feature Anthony Scaramucci aka The Hedge reveals his latest greatest pick!

This week’s trade is long Teva, a pharmaceutical company that specializes in generic drugs and according to the company’s web site is ranked among the top pharmaceutical companies in the world.

Take a look at some of the company’s stats:

Teva Pharmaceutical (TEVA)
Sector: Health Care
Industry: Biotechnology and drugs
Market Cap: $47.9 billion
Based in: Israel
52-week high: $64.95
52-week low: $46.99

Anthony Scaramucci thinks this stock is a value. “It’s a very cheap name,” he tells the desk. “It’s trading at a 25% discount to peers such as Mylan and Watson .”

And although the stock has been beaten up recently, Scaramucci thinks it has great long term prospects. “Tons of patents are expiring and Teva should benefit from that,” he says.

And Scaramucci isn’t the only hedgie that likes this stock. “Owl Creek and Maverick also own the name,” he says.

In case you’re wondering, over the next 12-18 months Scaramucci thinks Teva can trade up to $75.

Click here to check out other Hedge Fund Trade Of The Week posts

* Anthony Scaramucci runs SkyBridge Capital, a leading alternative asset manager with more than $7 billion under management. Every week on Fast Money, Scaramucci, aka 'The Hedge', takes you behind the hedges, giving you an unprecedented look at the names getting the most chatter amongst the hedge fund community.



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Trader disclosure: On Feb 11, 2011, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Seymour owns (AAPL); Seymour owns (BAC); Seymour owns (F); Seymour owns (INTC); Seymour owns (QLGC); Seymour And Segem Asset Management Own (TTM); Weiss owns (FAS); Weiss owns (JPM); Weiss owns (IPI); Weiss owns (AGU); Weiss owns (AAPL); Weiss owns (QCOM); Weiss owns (MSFT); Weiss owns (CSCO); Weiss owns (HK); Weiss owns (DVN); Weiss owns (COP); Weiss owns (SMCI); Weiss owns (PZN); Weiss owns (VZ); Weiss owns (MRK); Adami Owns (AGU); Adami Owns (C); Adami Owns (GS); Adami Owns (INTC); Adami Owns (MSFT); Adami Owns (NUE); Adami Owns (BTU); Adami's wife works for (MRK); Terranova owns (VRTS); Terranova owns (C); Terranova owns (UPL); Terranova owns (GM); Terranova owns (PEP); Terranova owns (APA); Terranova owns (CVI); Terranova owns (SU); Terranova owns (CNQ)

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For Doug Kass
Kass has no disclosures

For Anthony Scaramucci
SkyBridge Capital is a fund of funds manager. Funds held may or may not own the recommended securities.

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