We're pleased to see a shakeup at Bausch Health and its majority-owned recent IPO Bausch + Lomb, but we're not ready to buy more yet.

There has been a shakeup at the top of Bausch Health's (BHC) board of directors, an incrementally positive development for this beleaguered Club stock and one that has two of the most successful billionaire investors' hands all over it. Shares surged. But we need to see more.

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