Hindsight Market

The Graveyard › 1999

Franchise MTG Acceptance Co

FMAX · Lending · NASDAQ · in our data November 19, 1997 to October 29, 1999 (1.9 years)

The first trading day in our data for Franchise MTG Acceptance Co is November 19, 1997 (its first day in our records, which may be later than its listing and is not its founding). At its peak, on April 7, 1998, the market valued it at $779 million. By the end it had fallen hard: the last trade was $7.62, -71.9% from its split-adjusted high. The delisting record says: delisted or deregistered.

1997-111999-10
Peak market value$779 millionApril 7, 1998
Highest split-adjusted share price$27.13April 7, 1998
Last share price$7.62October 29, 1999
From its split-adjusted high to the end-71.9%
Return over the days in our data-61.3%with dividends, before the last trade
Worst single day-27.7%September 2, 1998

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 1997. How these numbers are made · Report a data issue.

Could you have seen it coming? Play Dot-com

Also gone in 1999: Lending