JPM doing it's best to help BHC test the DMA's or go below to 7 lol ;-)
200DMA 7.81
50DMA 7.58
BHC 8.10
BLCO 14.24
Looking at the charts BLCO looks like it's forming a bottom to go higher...BHC is setting up a Golden Cross but looks like a pull back before that's allowed.
Charts don't mean ish but they are interesting as are patterns like 7-8 in BHC. BLCO looks undervalued and I can only think it's because the market is expecting shares to be given to BHC shareholders. So using funny/fuzzy math 10,000 BHC would cost 81,000 those 10K shares would get you about 7700 shares of BLCO @ 14 that's 107,800 for 80% BHC still owns 88.7% if I recall and 50.1% is NOT tied up to debt. THAT is what I think gets distributed first and the other 29.9% later with BHC using the 8.7% to pay off their debt once BLCO is above 30... Either way BOTH companies look undervalued but this could still take another year plus before happening but it looks like the market is pricing in some shares in 2024 for BHC shareholders. Personally I'm good with buying back the 11.3% they IPO'd and bringing B&L back into the fold. I'd sell Solta but keep B&L...
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