Hindsight Market

The Graveyard › 2000

Comsat Corp -ser 1

CQ · Telecom & Media · NYSE · in our data January 2, 1968 to August 2, 2000 (32.6 years)

Our price history begins on January 2, 1968, and Comsat Corp -ser 1 was already trading then; how long before that, our data does not say. At its peak, on May 4, 1998, the market valued it at $2.1 billion. It left the market without a crash, last trading at $28.38. The delisting record says: delisted or deregistered. Many companies end this way when they are bought, merged or taken private.

1968-012000-08
Peak market value$2.1 billionMay 4, 1998
Highest split-adjusted share price$41.25May 4, 1998
Last share price$28.38August 2, 2000
From its split-adjusted high to the end-31.2%
Return over the days in our data+616.4%with dividends, before the last trade
Worst single day-17.5%October 19, 1987

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 1968.

Could you have seen it coming? Play Dot-com

Also gone in 2000: Telecom & Media