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Harbinger Group Inc (NYSE:HRG)
3-Year Buyback Ratio
-94.40 (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.

HRG' s 10-Year Buyback Ratio Range
Min: 6.7   Max: -94.4
Current: -94.4

During the past 8 years, Harbinger Group Inc's highest 3-Year Average Share Buyback Ratio was -94.40. The lowest was 6.70. And the median was -85.20.

HRG's Buyback Ratiois ranked lower than
53% of the 362 Companies
in the Global Conglomerates industry.

( Industry Median: -0.50 vs. HRG: -94.40 )

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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