Hindsight Market

The Graveyard › 2001

Lechters Inc

LECH · Home Furnishing Stores · NASDAQ · in our data July 21, 1989 to April 12, 2001 (11.7 years)

The first trading day in our data for Lechters Inc is July 21, 1989 (its first day in our records, which may be later than its listing and is not its founding). At its peak, on February 26, 1992, the market valued it at $835 million. It ended in a collapse: the last trade was $0.47, -98.1% from its split-adjusted high. The delisting record says: likely failure.

1989-072001-04
Peak market value$835 millionFebruary 26, 1992
Highest split-adjusted share price$25.00February 26, 1992
Last share price$0.47April 12, 2001
From its split-adjusted high to the end-98.1%
Return over the days in our data-95.8%with dividends, before the last trade
Worst single day-30.0%December 21, 2000

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 1989.

Could you have seen it coming? Play Dot-com

Also gone in 2001: Home Furnishing Stores