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Amcon Distributing Co (AMEX:DIT)
3-Year Average Buyback Ratio
-3.10 (As of Sep. 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.

DIT' s 3-Year Average Buyback Ratio Range Over the Past 10 Years
Min: -5.6   Max: 0.5
Current: -3.1

-5.6
0.5

During the past 13 years, Amcon Distributing Co's highest 3-Year Average Share Buyback Ratio was 0.50. The lowest was -5.60. And the median was -2.30.

DIT's 3-Year Average Buyback Ratio is ranked lower than
65% of the 197 Companies
in the Global Food Distribution industry.

( Industry Median: -0.60 vs. DIT: -3.10 )

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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