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GuruFocus has detected 3 Warning Signs with Alkermes PLC $ALKS.
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Alkermes PLC (NAS:ALKS)
3-Year Average Share Buyback Ratio
-4.50 (As of Dec. 2016)

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 3-Year Average Share Buyback Ratio Range Over the Past 10 Years
Min: -15.4   Max: 2.1
Current: -4.5

-15.4
2.1

During the past 13 years, Alkermes PLC's highest 3-Year Average Share Buyback Ratio was 2.10. The lowest was -15.40. And the median was -8.50.

ALKS's 3-Year Average Share Buyback Ratio is ranked higher than
74% of the 563 Companies
in the Global Biotechnology industry.

( Industry Median: -10.90 vs. ALKS: -4.50 )

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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