Zonagen (zona) - good buy? Message Board

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Biotech / Medical : Zonagen (zona) - good buy?

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To: Dauntless who wrote (968)	12/13/1997 4:41:00 PM
From: Mama Bear	Read Replies (2) of 7041

>>>The stock buyback announcement is just GREAT strategy. Increases our value & responds to all the slings & arrows in the best way - by putting their money where their mouth is.<<< Well, that is if they actually buy share 1. I'll bet they don't. But, for the sake of argument, let's say they do. Doesn't it then say that they have nothing better to use that $10MM for? Not for R&D of another product that would increase shareholder value much more than buying back a lousy 400k shares. Not to promote the new wonder drug, resulting in increased revenues. Hmm, actually, what the share buyback says to me is that they are more concerned with the share price than with growing the business. Barb

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