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Bio-Reference Laboratories Inc (NAS:BRLI)
3-Year Buyback Ratio
0.20 (As of Jan. 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.

BRLI' s 10-Year Buyback Ratio Range
Min: 0.2   Max: -19.7
Current: 0.2

During the past 13 years, Bio-Reference Laboratories Inc's highest 3-Year Average Share Buyback Ratio was -19.70. The lowest was 0.20. And the median was -2.40.

BRLI's Buyback Ratiois ranked higher than
88% of the 137 Companies
in the Global Diagnostics & Research industry.

( Industry Median: -3.60 vs. BRLI: 0.20 )

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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