Hindsight Market

The Graveyard › 1989

Southland Financial Corp

SFIN · Unknown · NASDAQ · in our data December 14, 1972 to June 30, 1989 (16.5 years)

Our price history begins on December 14, 1972, and Southland Financial Corp was already trading then; how long before that, our data does not say. At its peak, on September 28, 1984, the market valued it at $639 million. It ended in a collapse: the last trade was $2.00, -94.5% from its split-adjusted high. Our data does not say why it stopped trading.

1972-121989-06
Peak market value$639 millionSeptember 28, 1984
Highest split-adjusted share price$36.39September 28, 1984
Last share price$2.00June 30, 1989
From its split-adjusted high to the end-94.5%
Return over the days in our data-80.3%with dividends, before the last trade
Worst single day-56.3%August 2, 1988

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 1972.

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Also gone in 1989: Unknown