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STOCKWATCH: Rotten vegetables for biotech's bad actors

 
• By Andy Smith

The stock market is theater, a company's public show watched daily by churning audiences of thousands, some first-time punters, some gnarly hecklers. For investors, all corporations are merely players, each with their exits and their entrances. And once a quarter, each company takes a curtain call, acknowledging its owner-audience in a ritualized show of humility and subservience.

The stock market is theater, a company's public show watched daily by churning audiences of thousands, some first-time punters, some gnarly hecklers. For investors, all corporations are merely players, each with their exits and their entrances. And once a quarter, each company takes a curtain call, acknowledging its owner-audience in a ritualized show of humility and subservience.

At the end of a play or musical, the cast takes a bow: supporting members receive their applause first: the...

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