BLCO Stock Still 16% Below IPO — Is Silver Point's $38.7 Million Bet a Turning Point?

One fund just made a bold move on an eye-care giant—here’s why it may signal a deeper shift in the company’s long-term trajectory.Connecticut-based Silver Point Capital initiated a new position in Bausch + Lomb Corporation (BLCO 0.91%), adding nearly 2.6 millino shares for an estimated $38.7 million, per its November 14 SEC filing.What HappenedAccording to a filing with the Securities and Exchange Commission dated November 14, Silver Point Capital disclosed a new stake in Bausch + Lomb Corporation (BLCO 0.9 ...