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American Oriental Bioengineering: All Dressed Up, Nowhere to Go

publication date: Mar 22, 2011
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American Oriental Bioengineering has announced that the company’s Board of Directors authorized a $20 million share buyback. Sometimes, Board of Directors decide to initiate buybacks after reaching a high-minded, well-researched decision that its own stock is the best investment available anywhere on the globe. More often, buybacks are a small sop thrown to shareholders to lessen the pain from negative news. Unfortunately, this is a case of the latter. We explain why. More details....

Stock Symbol: (NYSE: AOB)     Share this with colleagues:  

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