Momenta Pharmaceuticals, Inc. (MNTA)

[DewDiligence]

The last time you sold (but did not close out your position, years ago) at about 22 if I remember correctly (and you were clear to state so on this board when you did) was a good time to sell…

Thanks for remembering. MNTA worked out better for me in the early years than the later ones. All told, I ended up making good money on MNTA not because my investment thesis was correct, but rather because my original buys in Nov 2007 were so low (#msg-24309693).

The current EV (~$1.5B) is 10x higher than in Nov 2007, but the share price is only 3x higher, which shows the cost of persistent dilution.