r/stocks • u/LelandCorner • 14d ago

What do you think of BLCO?

I bought a few hundred shares when it was around $17 last year. At the time I thought it got great potential because 1) the book value was greater than market value. 2) eye care business will be booming with aging population. There seem to be no demands for the stock. The price is around $15 forever. What do you think of its future? Thank you.

3 Upvotes

67% Upvoted

3 comments sorted by

•

u/AutoModerator 14d ago

Welcome to r/stocks!

For beginner advice, brokerage info, book recommendations, even advanced topics and more, please read our Wiki here.

If you're wondering why a stock moved a certain way, check out Finviz which aggregates the most news for almost every stock, but also see Reuters, and even Yahoo Finance.

Please direct all simple questions towards the stickied Daily Discussion and Quarterly Rate My Portfolio threads (sort by Hot, they're at the top).

Also include some due diligence to this post or it may be removed if it's low effort.

I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns.

2

u/yellowstone56 14d ago

I took a quick look. The stock is owned in this ratio:

Insiders 89% Institution 11%.

Sounds like 352 million shares, only 40 million is open to public.

When you have this situation, the 89% will get their way.

On the good side, Bausch & Lamb is a very good business.

1

u/LelandCorner 13d ago

One could argue that insiders have strong confidence in its future prospect and growth due to large ownership stake then again there is risk of too much control when it comes to decision making. Fidelity is the largest institutional holder and after that is Mr. Carl Icahn. Fundamentally it is not as strong as one would hope for, however, they have heavily invested $2 billion dollars in their business last year while their total equity and net income were declining. With the current stock price, it is trading 22% discount. It seems there is not enough demands for the stocks to push above $20 in 6 month.