The Graveyard › 1997

Payless Cashways

PCSH · Home Improvement · NYSE · in our data March 9, 1993 to July 18, 1997 (4.4 years)

The first trading day in our data for Payless Cashways is March 9, 1993 (its first day in our records, which may be later than its listing and is not its founding). At its peak, on February 3, 1994, the market valued it at $765 million. It ended in a collapse: the last trade was $0.62, -96.8% from its split-adjusted high. The delisting record says: likely failure.

1993-031997-07

Peak market value$765 millionFebruary 3, 1994

Highest split-adjusted share price$19.38February 3, 1994

Last share price$0.62July 18, 1997

From its split-adjusted high to the end-96.8%

Return over the days in our data-95.7%with dividends, before the last trade

Worst single day-40.0%June 18, 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 1993.

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