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Western Digital Corp (NAS:WDC)
3-Year Buyback Ratio
-1.80 (As of Mar. 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.

WDC' s 10-Year Buyback Ratio Range
Min: 5.2   Max: -29.4
Current: -1.8

During the past 13 years, Western Digital Corp's highest 3-Year Average Share Buyback Ratio was -29.40. The lowest was 5.20. And the median was -2.05.

WDC's Buyback Ratiois ranked higher than
65% of the 1325 Companies
in the Global Data Storage industry.

( Industry Median: -0.90 vs. WDC: -1.80 )

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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