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Alkermes PLC (NAS:ALKS)
3-Year Buyback Ratio
-13.10 (As of Jun. 2014)

This is the average share buyback rate of the company over the past 3 years. A negative number means the company might be issuing new shares. A positive number indicates that the company is buying back shares.

ALKS' s 10-Year Buyback Ratio Range
Min: 2.8   Max: -19.4
Current: -13.1

During the past 13 years, Alkermes PLC's highest 3-Year Average Share Buyback Ratio was -19.40. The lowest was 2.80. And the median was -8.55.

ALKS's Buyback Ratiois ranked higher than
74% of the 737 Companies
in the Global Biotechnology industry.

( Industry Median: -10.10 vs. ALKS: -13.10 )

Definition

This is the average share buyback rate of the company over the past 3 years.


Explanation

A negative number means the company might be issuing new shares. A positive number indicates that the company is buying back shares.


Be Aware

Investors usually like share buybacks. But as pointed by Warren Buffett, only if a company buys back shares at the prices below the stock's intrinsic value, it rewards remaining shareholders. If a company buys its overvalued stocks back, it destroys shareholder value.


Related Terms

Net Income

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