Halozyme Therapeutics Inc (HALO)

[Fred Kadiddlehopper]

Using leverage to make an acquisition makes sense if the acquired company is going to be a profit center, but they aren't giving those kinds of companies away. Also, the list of acquisition candidates is necessarily small because she has frittered away billions in cash on the buyback, thus the limiting potential add-ons to smallish operations.
Then, there is her judgment which is in question, as the Antares purchase is proving to be rather underwhelming.
So, is it a good strategy?

What do you think?

Also, what is your opinion about her comments on the risk of growing competition?