Bausch Health Companies Inc (BHC)

[mdb1]

I think it's going into the $30s Monika

[mdb1]

Hit 52 week HIGHs 2 days in a row

[Monika75]

Finally!!!!

[mdb1]

Hit $29s!!!!!!!!!!!!!!!!!!!!!!!!!!!

[mdb1]

$27.75 and BHC is not plunging, but going up so far this time. Hmmm...

[Monika75]

I am very surprised that BHC is still in 20ties! Should be easy 40 plus!!!

[mdb1]

It's going DOWN today. Tell me it ain't so ................

[Zilla]

Golden Cross in early December took it from 19 to 26.50 Very nice indeed. Early PR on numbers threw gas on it with perfect timing. Just like last time so...Good luck.
One day split or sells something and it should JUMP/POP and hopefully hold it too.
I'll be watching TEVA on a pull back to see if it gets a Golden Cross set up soon too.

[mdb1]

It is a definite uptrend I think to $30s again. We shall see.

[Zilla]

There's been a 'pattern here for a long time. Should fall after ER in Feb. 1 up/1 down and the PPS ranges are in my old posts and we just hit the 26-26.5 range. Maybe 28 but probably a pull back with pop and drop on ER but maybe I'm wrong. We shall see.

[conix]

Bausch Health sees FY20 revenue to exceed higher end of previous guidance

Jan. 12, 2021 4:28 PM ET

Bausch Health Companies Inc. (BHC)

Bausch Health (NYSE:BHC) expects its Q4 revenue to be greater than $2.20B vs. consensus of $2.12B.

FY20 to exceed the high end of its latest revenue guidance range of $7.80 – $8B vs. consensus of $7.93B

The company expect a strong finish to the year with regard to Adjusted EBITDA (non-GAAP)," said Joseph C. Papa, chairman and CEO.
"We look forward to releasing our full financial results for the fourth quarter and full year of 2020 next month."

The company expects to exceed $1B in cash generated from operations for FY20 due to strong cash flow in Q4.

In total, the Company repaid ~$900M of debt in 2020 from cash generated from operations and more efficient cash management, and has no debt maturities or mandatory amortization payments until 2024.

[conix]

Bausch Health Will Publish Company Update Presentation on Jan. 13, 2021 at 7:00 a.m. ET

Bausch Health will publish a brief company update presentation tomorrow, Jan. 13, 2021, at 7 a.m. ET, that is designed to complement the remarks provided by management at the 39th Annual J.P. Morgan Healthcare Conference. The presentation will provide an overview of the Company's recent performance and offer insight into future catalysts for 2021 and beyond.

The presentation will be available on the Investor Relations page of the Bausch Health Companies Inc. website at: https://ir.bauschhealth.com/events-and-presentations/2021. A live webcast and audio archive of the fireside chat will also be available on the Investor Relations page of the Company's website.

[conix]

Bausch Health remains a buy at Truist on management remarks

Jan. 13, 2021 1:37 PM ETBausch Health Companies Inc. (BHC)By: Dulan Lokuwithana, SA News Editor

Truist Securities reiterates its buy rating on Bausch Health (NYSE:BHC) on management comments made at the ongoing J.P. Morgan Healthcare Conference particularly regarding the strategic alternatives being considered by the company.

Even though the price target of $24 reflects only the ‘stand-alone’ value of BHC, the analysts highlight ‘the potential for significant additional value’ with a B&L spinoff or other strategic alternatives. The shares are trading ~8.7% higher today.
At the investor conference, the management said it was preparing to spin off the eye care business, B&L, by 3Q 2021, noting that the earlier announcement in this regard led to inbound calls.
With equity issuances ruled out, BHC CEO Joseph C. Papa and the team are likely to consider asset divestitures ahead of the spin, write the analysts, adding that ‘the management is doing the right thing to strengthen the business and increase the shareholder value.’

[conix]

Short squeeze in progress?

[mdb1]

Monika, BHC is going UP again. Who knew ..

[mdb1]

Reminds me of the run up from $14s to $30s a few years ago.
Thus one so far: $16s to 25s+++

[Monika75]

BHC pays more debt, make more money, so why the stock is so low ??? Any ideas??

[Zilla]

21.12 Today's close. Probably a pull back but stimulus could make it run before EOY. We shall see...Would love a buyout for 45.

[Zilla]

Golden Cross confirmed Friday open and it moved accordingly. 18.50 was recent low this week so 15% for just GC is 21.27 add some 'news and 22.50 possible. 26/26.50 then 28/30's but a lot of 'action' (VOL) possible but last EOY made a run at 32 so 35 possible but probably unlikely. Trade accordingly and 'flip for freebies' at all times because she acts like Ludacriss 'Get out the way, get out the way'

[Seeker213]

Appears ready to gain speed and move towards 20.00. The worst is behind and new management much more organized

[eugenecj]

anybody home??????

[conix]

Nice move today on BHC. Shorts must be sweating a bit.

[dangerx]

All that dirty money comes down to a $45 million dollar fine?

[lucky, mydog]

https://www.sec.gov/news/press-release/2020-169

[Mustang2020]

7/8/20 down 5.5% today anyone know why?

[mdb1]

$25s or back down to $16s? Hmmm... ????

[conix]

Chart that thang

[mdb1]

From $16s to $20s in consecutive days. Headed THIS TIME to $30s again??????????????????

[kmerrill057]

$22 this week 30+ in a month or so. I see you remember what happened last time it broke out of this area ??

[mdb1]

Is BHC making another run for $30s?????????

[Zilla]

OCD is a hell of a drug with stocks. LOL

[dangerx]

I sold off a while ago but still come back to see your updates. I’d say you’re pretty knowledgeable in stocks and charts. Thanks for holding the line here.

[Zilla]

Has moved up to 16-18.50
A good ER might move it to 18-22.50
This use to always be a buy around 22.50. Last time it took us majorly below it broke above for a new 52 week high. COME ON 32-34 trading range. LOL

[Zilla]

Could of swore they put out a PR saying we were on track with guidence as we were falling a few weeks ago. Most probably didn't notice or just sold off any high debt companies...
Next week is shareholders meeting and ER in two weeks so won't be long. Chart looks like a cup and handle may be forming before the ER but that 50 DMA could knock us right back down...I've seen charts fall apart on this play and I've seen it follow like clockwork sometimes too on no news so....I don't know anything. LOL
If an excellent ER we might break above 200 DMA and start to set up a longer look out for a golden cross but that would be a long time from now and in this market, anything can happen in an instant. TVIX/VIX going down is a welcome sign even if the market goes up or down. Just need to not PANIC!!! ARGH!!!! LOL

[conix]

BHC needs some revenue news --like every other company out there.

The high debt scares away investors in this shutdown.

[mdb1]

Totally agree.

[Zilla]

Seems like a trading range with 14-16 being the easy call but a little higher/lower but a range none the less.

[mdb1]

Going back to high $11s???? As stock market goes down -- i think possible

[Zilla]

BHC 52 week high 31.97 Dec 2019 and low 11.15 March 18th 2020 for a 65% drop in 3 months.
Currently @ 14.50 (30% gain from low) and looking like it wants to take a stairway back up, but overall market probably keeps it on an elevator down. I expect the ER to be as guided but that doesn't mean we can't retest or make a new low.
Gambling at it's finest. LOL

[Zilla]

DOW was down 900 but was making a comeback to about -200 but the last 1/2 hour it was a drop right back down -915 with BHC going below 14 for a bit this morning and coming back to 14.80 before the DOW tank and closing 14.47
So looks like a 14-16 trading range until overall market or company specific news breaks in either direction.

[Zilla]

Went over 16.50 but didn't hold...Closed 15.44 but DOW up 1350 points. Looks like it wants to go back to 19 but who knows. We opened under 13 a few days ago 3/23 if market holds up maybe we get to 19 but if not the low of 11.15 could get tested. Freaking roller coaster. LOL

[Zilla]

Back to 15 again with DOW up 2,000 today.
Great donation PR from BHC. Helps to show VRX was a different company from BHC. =)

[Zilla]

15 and climbing...Will move fast and furious. If someone wanted to buy them out, now is the time.

[mdb1]

Well at least $11 have support!!!! How incredibly SAD!!!

[mdb1]

in this market that is brave. their last Q was disappointing.

[Zilla]

If it does I may buy a ton of 15 calls for the next ER.

[mdb1]

Way it's going down: back to $11s i guess.

[Zilla]

Nailed it. 17.87 was today's low and now at 19 in less than an hour.

[Zilla]

I've got a few calls playing a similar pattern, but the weekend is bringing a lot of bad news on the virus, so I expect a rough week ahead but also drying powder (gamble money) in case we go Tom Petty 'Free Falling'

[mdb1]

$19s was the bottom before (went down $6 on good news before) it almost straight up over $12 to $31.90s.