Hindsight Market

The Graveyard › 2009

AbitibiBowater

ABH · Paper · NYSE · in our data May 18, 1984 to April 15, 2009 (24.9 years)

The first trading day in our data for AbitibiBowater is May 18, 1984 (its first day in our records, which may be later than its listing and is not its founding). At its peak, on August 17, 1999, the market valued it at $3.1 billion. It ended in a collapse: the last trade was $0.53, -99.5% from its split-adjusted high. The delisting record says: likely failure.

1984-052009-04
Peak market value$3.1 billionAugust 17, 1999
Highest split-adjusted share price$95.83August 17, 1999
Last share price$0.53April 15, 2009
From its split-adjusted high to the end-99.5%
Return over the days in our data-97.1%with dividends, before the last trade
Worst single day-30.6%December 17, 2008

Share prices are adjusted for splits and other share changes, so the high and the last price compare like for like; the peak market value is as it was on the day. The return covers the trading days in our data only: it does not include what holders received, or lost, after the last trade (a merger payout, a bankruptcy), and it does not reach back before 1984.

Could you have seen it coming? Play The Crash of '08

Also gone in 2009: Paper