VRX shares continue to collapse. But there is hope for an orderly wind-down...
A fire sale of a major asset such as Bausch & Lomb presents the only opportunity to close this out. Fund Managers and Congress are now pressuring Bill to do the right thing and protect whatever assets remain. Many could survive as going concerns if the debt burden is removed.
Bill will, in the end, sell. Its just good business sense.
Moreover it is Bill's last chance to salvage a badly mauled reputation.
A fire sale of a major asset such as Bausch & Lomb presents the only opportunity to close this out. Fund Managers and Congress are now pressuring Bill to do the right thing and protect whatever assets remain. Many could survive as going concerns if the debt burden is removed.
Bill will, in the end, sell. Its just good business sense.
Moreover it is Bill's last chance to salvage a badly mauled reputation.