The emotional quotient is more important than the IQ while investing in the market. Many investors shy away from buying stocks when they are down.
Bausch healthcare $BHC preciously known as Valeant is on its way to recovery. Just like any other stock it has bumps in the road and has more volatility particularly because this is considered a distressed investment with a heavy debt load.
This was one of the few infamous stocks promoted by a few hedge fund managers and also investigated by the Feds.
The stock went down to 18 a few weeks ago and has bounced back almost 30% since then.
The company reported better retuning this morning push the stock another 4%.