Canadian Business Magazinehas been doing company rankings since the early 1970s. The Investor 500, where Canada’s largest companies by market capitalization are ranked by their one-year returns, is now 10 years old. A lot has changed since the first issue.
Of the five companies with the best one-year returns in 2000, three are acquired or delisted and two still continue under different names but with less than $4 million in market capitalization.
All of the companies below, representing over $191 million in market capitalization, are now gone off Canadian stock exchanges.
|Company||Market Cap. $Millions|
|724 Solutions Inc.||2,220|
|Alberta Energy Co. Ltd.||8,606|
|Alcan Aluminium Ltd.||10,886|
|Anderson Exploration Ltd.||3,489|
|ATI Technologies Inc.||6,155|
|BC Gas Inc.||1,150|
|BCE Emergis Inc.||5,907|
|Bell Canada Intl. Inc.||2,378|
|Berkley Petroleum Corp.||1,244|
|BioChem Pharma Inc.||3,379|
|Canada Life Financial||4,489|
|C-MAC Industries Inc.||3,686|
|Creo Products Inc.||2,219|
|Crestar Energy Inc.||1,384|
|Encal Energy Ltd.||1,101|
|Fletcher Challenge Canada||2,161|
|Four Seasons Hotels Inc.||2,593|
|Gulf Canada Resources||2,354|
|Hudson’s Bay Co.||1,273|
|Le Groupe Videotron Ltee||2,343|
|Mackenzie Financial Corp.||2,790|
|Placer Dome Inc.||4,144|
|Renaissance Energy Ltd.||2,351|
|Rio Algom Ltd.||1,134|
|Rio Alto Exploration Ltd.||2,155|
|Royal Group Technologies||2,429|
|Seagram Co. Ltd.||31,859|
|Shell Canada Ltd.||9,476|
|TD Waterhouse Group||8,953|
|Telesystem Intl. Wireless||2,183|
|Trilon Financial Corp.||1,123|
|Westcoast Energy Inc.||2,787|
Nortel Networks was by far the largest company with a market capitalization of over $229 billion. That was at a post-consolidated price of $788.50 per share, about 64% of the all-time high in July 2000. By Apr. 3, 2009, Nortel had dropped 99.97% of its 2000 Investor 500 worth to $0.25 per share. That’s a loss in value of $6,800 for every man, woman and child in the country.
The 2009 edition of the Investor 500 came out yesterday. It shows where money was lost and gained over the last year and gives some good advice on where the market might be headed. It’s worth a read.