Bausch & Lomb Stock Drops Due to ReNu with MoistureLoc Lawsuits December 1, 2006 13:19
Bausch and Lomb (BOL) - Eyecare products - This stock was pounded in May, falling from 70 to 50 amid a recall of some contact lens solutions. There is an estimated liability of $500 million to $1 billion in lawsuits as a result.
The Bausch & Lomb stock has not done much over the past 10 years, with trading in the 40s throughout 1992 and 1993. It is currently at 48.43. However, if other bad news comes along, this stock could easily drop to around 30. (Litigation News)
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