Hindsight Market

The Graveyard › 1998

MFN Financial Corp

3MFNF · Lending · NYSE · in our data April 25, 1989 to May 14, 1998 (9.1 years)

The first trading day in our data for MFN Financial Corp is April 25, 1989 (its first day in our records, which may be later than its listing and is not its founding). At its peak, on September 25, 1995, the market valued it at $2.9 billion. It ended in a collapse: the last trade was $0.62, -96.0% from its split-adjusted high. The delisting record says: likely failure.

1989-041998-05
Peak market value$2.9 billionSeptember 25, 1995
Highest split-adjusted share price$15.64September 25, 1995
Last share price$0.62May 14, 1998
From its split-adjusted high to the end-96.0%
Return over the days in our data-49.0%with dividends, before the last trade
Worst single day-86.0%January 31, 1997

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.

Play today's Daily Drop

Also gone in 1998: Lending