Hindsight Market

The Graveyard › 2008

Downey Financial Corp

DSL · Banks · NYSE · in our data February 29, 1972 to November 24, 2008 (36.7 years)

The first trading day in our data for Downey Financial Corp is February 29, 1972 (its first day in our records, which may be later than its listing and is not its founding). At its peak, on August 2, 2005, the market valued it at $2.2 billion. It ended in a collapse: the last trade was $0.05, -99.9% from its split-adjusted high. The delisting record says: likely failure.

1972-022008-11
Peak market value$2.2 billionAugust 2, 2005
Highest split-adjusted share price$77.71August 2, 2005
Last share price$0.05November 24, 2008
From its split-adjusted high to the end-99.9%
Return over the days in our data-89.9%with dividends, before the last trade
Worst single day-71.6%November 24, 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 1972.

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

Also gone in 2008: Banks