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PokerTek Inc (NAS:PTEK)
3-Year Buyback Ratio
-15.90 (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.

PTEK' s 10-Year Buyback Ratio Range
Min: -8.1   Max: -22.1
Current: -15.9

During the past 10 years, PokerTek Inc's highest 3-Year Average Share Buyback Ratio was -22.10. The lowest was -8.10. And the median was -15.70.

PTEK's Buyback Ratiois ranked higher than
54% of the 592 Companies
in the Global Resorts & Casinos industry.

( Industry Median: -0.60 vs. PTEK: -15.90 )

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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