Bausch + Lomb: I Need To See Stability Before Upgrading This Name
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Daniel JonesInvesting Group LeaderFollow5ShareSavePlay(10min)CommentsSummaryBausch + Lomb remains rated "Hold" due to insufficient margin of safety despite recent top-line growth and management's bullish long-term targets.BLCO's revenue grew across all segments in Q3 2025, driven by strong demand for dry eye products, MIEBO launch, and surgical consumables.Profitability remains volatile, with net income negative and cash flow metrics fluctuating, raising concerns about the reliability of future performance.Management targets 5%–7% annual revenue growth and EBITDA margin expansion to 23% by 2028, but current valuation appears fair relative to peers. Imgorthand/E+ via Getty Images Back in September of this year, I made the difficult decision to downgrade Bausch + Lomb (BLCO) from a "Buy" to a "Hold." The company looked mostly fairly valued at that moment, and I had been disappointed by some of its bottom-line performance. TheThis article was written byDaniel Jones36.02K FollowersFollowDaniel is an avid and active professional investor. He runs Crude Value Insights, a value-oriented newsletter aimed at analyzing the cash flows and assessing the value of companies in the oil and gas space. His primary focus is on finding businesses that are trading at a significant discount to their intrinsic value by employing a combination of Benjamin Graham's investment philosophy and a contrarian approach to the market and the securities therein. Learn more.Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.