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SanDisk Corp (NAS:SNDK)
3-Year Average Buyback Ratio
6.00 (As of Mar. 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.

SNDK' s 3-Year Average Buyback Ratio Range Over the Past 10 Years
Min: -13.5   Max: 6
Current: 6

-13.5
6

During the past 13 years, SanDisk Corp's highest 3-Year Average Share Buyback Ratio was 6.00. The lowest was -13.50. And the median was -6.00.

SNDK's 3-Year Average Buyback Ratio is ranked higher than
97% of the 1301 Companies
in the Global Data Storage industry.

( Industry Median: -2.00 vs. SNDK: 6.00 )

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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