Ironwood Pharmaceuticals, Inc. - (IRWD) Social Stream

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$IRWD Question, would it be smart to do a share buyback if this company is not being sold? Lets say they aren’t up for sale and want to continue with R/D of their new drug or buy another company. Wouldn’t it be smarter to hoard that cash or pay back debt instead of a buyback? Was just thinking on this weekend, hag1 all