Replies to post #4716 on Momenta Pharmaceuticals, Inc. (MNTA)

[investorgold2002]

jbog -completely agree

if they have such a strong conviction on Copaxone FDA approval and launch at least by 2014, why the F don't they deploy at least 150m of that cash to work in buying back shares ?

if you think about it, even if you are overly conservative ML with TL and 80m cash(copaxone expense for 3 years), will be sustainable enterprise(Zero loss). I believe about 25m of expense is related to copaxoxne and that will not be there in 2-3 years time frame. So even without copaxone launch, and with a 3rd entrant in Lovenox, they will be sustainable enterprise.

FOB - all the while they have been saying they are looking for a deal where they not only get a fair share but they are expecting partner to get capital

[MadCityCyclone]

I concur, jbog. MNTA's fat wallet shouldn't be used as a guaranteed bonus/employment machine for management. Is the BOD captive?


As of today, Momenta has a Balance Sheet and P&L statement that many companies would drool for, so if I think about it, Momenta's board and management can't get into any trouble when they just hold cash.

This condition has put Momenta's management in a position where it doesn't have to do anything to be deemed successful except cash their paychecks and sell their stocks. It's going to take some unhappy shareholders to shake the tree.