Cramer Remix: This stock has engineered the greatest turnaround story of our era [CNBC]
Comcast Corporation - Class A (CMCSA)
Last comcast corporation - class a earnings: 4/30 07:00 am
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Source: CNBC
show chapters In an uncertain investing environment, CNBC's Jim Cramer likes to highlight the best of the best of the slowdown plays, or stocks that do well in a weaker economy. So, on Tuesday, the Mad Money host profiled the turnaround at Bausch Health Companies , the drugmaker formerly known as Valeant Pharmaceuticals. Under the leadership of Chairman and CEO Joe Papa, Bausch has undergone what Cramer said may be the greatest turnaround story of this particular era. Shares of Bausch, which changed its name from Valeant in July 2018, have more than tripled from their April 2017 lows. The company's latest quarterly report handily beat expectations on earnings and revenue, with organic revenue growth in all of its segments. How did Papa do it? First, he told us that he was going to start cleaning up the hideous balance sheet, Cramer said. Second, he explained that Valeant really did have an attractive pipeline of new drugs, they just neede
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