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Celgene (CELG +1.8%) agrees to buy back $600M in stock from an investment bank as part of its...

  • Wednesday, February 20, 8:45 AM ET
    Celgene (CELG +1.8%) agrees to buy back $600M in stock from an investment bank as part of its repurchase program. So far this year, the company has bought back $385M in shares and has $1.45B remaining in the scheme. Celgene has repurchased $5.05B of stock over the past four years.
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    They could have bought that stock back a whole lot cheaper a few months ago. I just love it when these companies throw away investor money on these stupid buy backs. It would seem to me that that money might have been better spent on R&D.
    20 Feb, 08:51 AM Reply Like
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