The '87 Crash Wasn't A Good Entry Point For Some Stocks

Includes: AIG, AMD, GT, KODK, THC
by: Bespoke Investment Group

With nearly a quarter century having passed since the 1987 market crash, it is generally agreed that it was a great buying opportunity for anyone who had the courage to buy in the face of a record 500 point one-day decline in the DJIA. Broadly speaking, this statement is correct, although following the lost decade for equities, what was a double-digit annualized return for the S&P 500 ten years ago is now under 7.5%.

While most equities have seen triple (or even quadruple) digit returns since the '87 crash, there are some stocks across various sectors that have actually declined. Some of the more noteworthy names are highlighted in the charts below. While holders of these stocks have experienced a maddening 24 years, it may provide some consolation that unlike General Motors (NYSE:GM) (the pre-bankruptcy one), which was in the DJIA at the time, at least these stocks are still worth something.

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