The Graveyard › 2001

Birmingham Steel Corp

3BIRS · Steel & Metals · NYSE · in our data November 26, 1985 to November 19, 2001 (16 years)

The first trading day in our data for Birmingham Steel Corp is November 26, 1985 (its first day in our records, which may be later than its listing and is not its founding). At its peak, on June 14, 1994, the market valued it at $901 million. It ended in a collapse: the last trade was $0.54, -98.1% from its split-adjusted high. The delisting record says: likely failure.

1985-112001-11

Peak market value$901 millionJune 14, 1994

Highest split-adjusted share price$28.82March 18, 1994

Last share price$0.54November 19, 2001

From its split-adjusted high to the end-98.1%

Return over the days in our data-87.0%with dividends, before the last trade

Worst single day-31.3%December 27, 1999

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 1985.

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