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Amcon Distributing Co (AMEX:DIT)
3-Year Buyback Ratio
-0.20 (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.

DIT' s 10-Year Buyback Ratio Range
Min: 4.5   Max: -17.3
Current: -0.2

During the past 13 years, Amcon Distributing Co's highest 3-Year Average Share Buyback Ratio was -17.30. The lowest was 4.50. And the median was -2.00.

DIT's Buyback Ratiois ranked higher than
75% of the 340 Companies
in the Global Food Distribution industry.

( Industry Median: -0.20 vs. DIT: -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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