Bausch Health Companies Inc (BHC)

[Trendliner]

THANKS BADBADBAD

As I pointed out in a subsequent post, VRX and SHLD have very different prospects vis a vie bankruptcy.

Rapid Ratings has a model that is reputed to be superior but I don't have access to it. Altman's is in the public domain. Though I doubt that RR's model would come to a vastly different conclusion. The variables Altman identified in 1968 based on a 20 year sample prior ending 2 years prior to his study (he needed that time to determine the outcome) held up when Altman redid his study about 20 years after that. No only did the variables hold up but the model coefficients retained the same sign.

As I said it's not a crystal ball, but when the Z-score is that far above or below the cutoff of 1.80 the probability of error is quite low.

Trendliner