An 80+% drop is just temporary
#ch9
The -80/50 Club: companies who at one point had their market cap drop by at least 80% from peak to trough, and then rebounded from that trough by over 50x. A sampling ranked by rebound multiple (company, peak to trough decline, trough to current price):
– Amazon, -94%, 412x
– Booking Holdings, -99%, 397x
– Nexstar Media, -97%, 316x
– Nvidia, -85%, 291x
– Ziff Davis, -97%, 230x
– Aspen Tech, -98%, 208x
– Sleep Number, -99%, 114x
– Domino’s, -91%, 112x
– Crocs, -98%, 112x
– Microstrategy, -99%, 73x
– Sirius XM, -99%, 69x
– Adobe, -80%, 57x
– Netflix, -82%, 55x
Nearly all of the peak to trough declines took place either during the Dot-Com Bust (1998-2002) or the Great Recession (2007-2009). Current price as of June 2023
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