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A buyback or biotech bubble?

By Leo Kolivakis (originally published by Seeking Alpha) – Steven Davidoff Solomon, professor of law at the University of California, Berkeley, wrote a comment for the New York Times, General Motors’ Stock Buyback Follows a Worrying Trend:

General Motors’ announcement that it will buy back $5 billion worth of stock raises the question of whether the stock buyback has turned into a shareholder activist shakedown….

[Cross-posted from Seeking Alpha publication of March 27, 2015
at http://seekingalpha.com/article/3034346-a-buyback-or-biotech-bubble?page=1]

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