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Sunday, May 26, 2024

15 Stocks That Have Destroyed the Most Wealth Over the Past Decade

15 Stocks That Have Destroyed the Most Wealth Over the Past Decade

These stocks have eroded shareholder value in dollar terms.

Last week, I highlighted 15 stocks that have created the most wealth over the 10-year period from 2014 through 2023, focusing on market appreciation in dollars. This time, I conducted a similar exercise from the opposite point of view to identify stocks that eroded shareholder value instead of creating it. To find them, I started by sorting through Morningstar’s US equity database to find companies with the largest drops in market capitalization, which reflects the current stock price multiplied by total shares outstanding, over the same period. To get a more accurate picture of wealth destruction, I added back the total value of dividends paid and stock spinoffs, which partially offset the market-cap declines.

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