Momenta Pharmaceuticals, Inc. (MNTA)

[MadCityCyclone]

That is interesting. Accumulating an ever larger hoard of cash, in and of itself, isn't typically the best way to maximize shareholder returns. Smart people like Palo Alto Investors understand this.

Of course, management interests and shareholder interests aren't always aligned.

Queue rant by the bad humor man in 3, 2, 1...

Most interesting was a presentation from a major shareholder - Palo Alto Investors. I am familiar with Palo Alto. They have been a shareholder for 5 years, and have not made much money over that time. Their big thing is share count - dilution by another name. Proposed buying back stock. Had 4-5 boards with graphs and "fiduiary duty" definition. Clear that they had been talking to management and board of directors on topic for months.