VRX - Valeant Pharmaceuticals International Inc.

[Saluki]

"Bausch Health Companies Posts Strongest Organic Growth in 3 Years"

 

https://finance.yahoo.com/news/bausch-health-companies-posts-strongest-180000032.html

 

Up 9% today.  I bought a little more in the past couple of weeks, but nothing to brag about since I've been adding to a couple of other down positions that look promising and, unlike Uncle Warren, my problem isn't that I have so much cash sitting around that I can't find uses for it. 

 

To be fair, the numbers weren't unbelievable but expectations are so low for this company, even after the name change, that the price move on any positive news seems excessive. I'm surprised the amount of people who loved this at $250 but won't touch it with a 10ft pole at 1/10th the price. 

[samwise]

Spin off announced. B&L will be separated

Wonder how the debt gets distributed and which part management goes with.

[JRM]

Spin off announced. B&L will be separated

Wonder how the debt gets distributed and which part management goes with.

 

This is still infuriating to me.  I had two friends that worked in R&D at B&L that got laid off when they were acquired by Valeant.  And for what?  Now they spin off the picked over corpse of B&L?

 

One of them had only been with them for a week or two before the acquisition was announced. 

[Broeb22]

Spin off announced. B&L will be separated

Wonder how the debt gets distributed and which part management goes with.

 

This is still infuriating to me.  I had two friends that worked in R&D at B&L that got laid off when they were acquired by Valeant.  And for what?  Now they spin off the picked over corpse of B&L?

 

One of them had only been with them for a week or two before the acquisition was announced.

 

Maybe a silver lining is they avoided the shit storm that no doubt occurred there over the last few years.