Hindsight Market

The Graveyard › 2002

Superior Essex Inc

SPSX · Steel & Metals · NYSE · in our data October 11, 1996 to July 9, 2002 (5.7 years)

The first trading day in our data for Superior Essex Inc is October 11, 1996 (its first day in our records, which may be later than its listing and is not its founding). At its peak, on September 29, 1998, the market valued it at $807 million. It ended in a collapse: the last trade was $0.30, -99.2% from its split-adjusted high. The delisting record says: likely failure.

1996-102002-07
Peak market value$807 millionSeptember 29, 1998
Highest split-adjusted share price$38.26September 29, 1998
Last share price$0.30July 9, 2002
From its split-adjusted high to the end-99.2%
Return over the days in our data-97.1%with dividends, before the last trade
Worst single day-34.9%July 2, 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 Dot-com

Also gone in 2002: Steel & Metals