Replies to post #3792 on Momenta Pharmaceuticals, Inc. (MNTA)

[10nisman]

Well, the nerve of them. They must be on the sauce this morning. I hope you told them they could just sell their shares and move on, or better yet they can move to China!!!

I see you cannot even come up with your own lines. So, now you want a buyback? How is that prudent or in the best interest of long-term shareholders when there's risk of tL approval (no matter how small)? It potentially could help short-terms investors like yourself (depending on the share price) however it just adds risk to Momenta reaching its long-term goals. If mC is approved and on the market (generating free cash flow), Momenta signs a lucrative FoB partnership and mL is still the sole generic, it would make sense to think about implementing a buy-back or dividend. However, right now it makes more sense to continue to add to the war chest.

They should be glad that the price of Momenta is within pennies of the price 5 years ago when Wheeler showed up.

I think you mean hundreds of pennies (MNTA closed at $15.02 on September 12, 2006). BTW, Momenta is up 40% over the past 5 years ending today.