Anything happening?

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Anonymous said:
It has been so quiet lately. You could hear a pin drop.

Must be end of the year jitters. Performance reviews. Finishing objectives etc.
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This company is in great shape. Just check out the latest article from Reuters

Bausch & Lomb CEO eyes IPO, emerging market hires

(Reuters) - After four years in private hands, Bausch & Lomb may soon head back to the public market as Chief Executive Brent Saunders is setting sights on an IPO for the U.S. eye-care giant "in the next couple of years."
 


















Anonymous said:
Oh children what's that sound everybody look what's going down.
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Interesting article seems like the business is being made more efficient.

In an effort to streamline the business, Saunders said over the past year and a half he took out several hundred managers to slim down in favor of more front-line jobs, whether focused on sales, science or manufacturing.

Seems like the worst is over and now Saunders is focused on growing the company for the IPO.
 












Anonymous said:
Several hundred managers we're taken out, really? Would like to see proof of this.
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I don't think this is true either. What likely happened was there were a number of managers that had one or two people reporting to them. The one or two people were told to report to the manager's supervisor and the former manager was given a new title. On paper it looks like things are being streamlined. In reality the former managers have the same jobs they had before they did the reorganization. They just are no longer responsible for writing up the employees performance review at the end of the year.

Why the CEO would make a statement like the managers were taken out is a mystery. Certainly a few VPs were asked to move on but I agree that it is likely that a several hundred managers were not really let go from B+L.
 












Anonymous said:
The goal is to dump the company any which way. Lying to the public as well as employees and customers is all part of the game.
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There is probably a Private Equity Secret Handbook that describes the ways at which you can make things look like something is happening in the company when in reality it is just smoke and mirrors. The claims of efficient organizational changes and increased sales probably needs a second party to confirm the claims to see if they are true.

Time will tell. I am sure Warburg Pincus does not want to hold onto this company that much longer. Two years for an IPO is a long time for a company like WP that does not like to go beyond four years for flipping their companies and they have owned B&L for at least four years.
 






Anonymous said:
There is probably a Private Equity Secret Handbook that describes the ways at which you can make things look like something is happening in the company when in reality it is just smoke and mirrors. The claims of efficient organizational changes and increased sales probably needs a second party to confirm the claims to see if they are true.

Time will tell. I am sure Warburg Pincus does not want to hold onto this company that much longer. Two years for an IPO is a long time for a company like WP that does not like to go beyond four years for flipping their companies and they have owned B&L for at least four years.
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Two years for an IPO? If R&D launches two breakthrough products in the next 6 months perhaps an IPO is possible in two years. They will need to be big sellers and hence the bringing on board a real pro (new VP Vision Care) in how to market the new stuff.
 






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