Hindsight Market

The Graveyard › 2008

Metro One Telecomm Inc

WOWI · Telecom & Media · NASDAQ · in our data August 23, 1996 to September 18, 2008 (12.1 years)

The first trading day in our data for Metro One Telecomm Inc is August 23, 1996 (its first day in our records, which may be later than its listing and is not its founding). At its peak, on July 2, 2001, the market valued it at $1.1 billion. It ended in a collapse: the last trade was $0.39, -99.8% from its split-adjusted high. The delisting record says: likely failure.

1996-082008-09
Peak market value$1.1 billionJuly 2, 2001
Highest split-adjusted share price$176.56July 2, 2001
Last share price$0.39September 18, 2008
From its split-adjusted high to the end-99.8%
Return over the days in our data-98.6%with dividends, before the last trade
Worst single day-47.9%October 23, 2002

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 1996.

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

Also gone in 2008: Telecom & Media