Hindsight Market

The Graveyard › 1996

Merry-go-round Enterprises

MGRE · Apparel Stores · NYSE · in our data July 6, 1983 to February 6, 1996 (12.6 years)

The first trading day in our data for Merry-go-round Enterprises is July 6, 1983 (its first day in our records, which may be later than its listing and is not its founding). At its peak, on May 10, 1991, the market valued it at $1.1 billion. It ended in a collapse: the last trade was $0.02, -99.9% from its split-adjusted high. The delisting record says: likely failure.

1983-071996-02
Peak market value$1.1 billionMay 10, 1991
Highest split-adjusted share price$21.15July 11, 1991
Last share price$0.02February 6, 1996
From its split-adjusted high to the end-99.9%
Return over the days in our data-99.2%with dividends, before the last trade
Worst single day-87.5%February 5, 1996

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 1983.

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Also gone in 1996: Apparel Stores