Anonymous
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Anonymous
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Are the layoffs done? Seems like Valeant has softened a little in the B+L acquisition. Usually Valeant is pretty aggressive about making the cuts to meet financial targets.
This time they are much kinder. They are stretching the layoffs out over an extended period. Some cuts now but a few more in Nov. They have promised to make no more cuts in Rochester.
For the remaining layoffs it seems like they are studying the situation more before they make the larger cuts and 2nd round of layoffs. For all of those who say Valeant is just in it for the short run this behavior looks more like a company that is in it for the long run and is really planning on doing the best moves for the company as a whole to make it a long-term viable company. I would give this company stock a rating of a strong buy.
This time they are much kinder. They are stretching the layoffs out over an extended period. Some cuts now but a few more in Nov. They have promised to make no more cuts in Rochester.
For the remaining layoffs it seems like they are studying the situation more before they make the larger cuts and 2nd round of layoffs. For all of those who say Valeant is just in it for the short run this behavior looks more like a company that is in it for the long run and is really planning on doing the best moves for the company as a whole to make it a long-term viable company. I would give this company stock a rating of a strong buy.