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GuruFocus has detected 2 Warning Signs with Fifth Street Finance Corp $FSC.
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Fifth Street Finance Corp (NAS:FSC)
3-Year Average Share Buyback Ratio
-5.70 (As of Mar. 2017)

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.

FSC' s 3-Year Average Share Buyback Ratio Range Over the Past 10 Years
Min: -47.4   Max: -5.7
Current: -5.7

-47.4
-5.7

During the past 9 years, Fifth Street Finance Corp's highest 3-Year Average Share Buyback Ratio was -5.70. The lowest was -47.40. And the median was -29.45.

FSC's 3-Year Average Share Buyback Ratio is ranked lower than
53% of the 149 Companies
in the Global Credit Services industry.

( Industry Median: -5.00 vs. FSC: -5.70 )

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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