Has a Dow Jones index component ever gone bankrupt?

[crgarcia]

While they are part of the Dow Jones index?

Or Dow always dumps companies with problems?

 

[daddyeaux]

Texaco

 

[daybyday]

How does an oil company go bankrupt for crying out loud?

Mismanagement, perhaps?

 

[Surdo]

LEH was a Dow Jones Financial Services component, you did not say DJIA.

 

[me2]

http://en.wikipedia.org/wiki/Historical_components_of_the_Dow_Jones_Industrial_Average

 

[clacy]

Quote from daybyday:

How does an oil company go bankrupt for crying out loud?

Mismanagement, perhaps?

How does any company go bankrupt? They were spending more than they were bringing in. You do realize that oil hasn't alway traded above $145/bbl and gasoline hasn't always been $3-4/gallon?

Look at the oil bust of the 80's. That market was decimated.

 

[stock_trad3r]

GM AIG close enough

 

[Illum]

Quote from me2:

http://en.wikipedia.org/wiki/Historical_components_of_the_Dow_Jones_Industrial_Average

Interesting. GE member since 1896.

Edit, looks they took um off then put back on 1907

 

[KINGOFSHORTS]

US Cordage made stuff for Horse based transportation (Buggy Whips,ropes etc..)

 

[shortie]

Quote from stock_trad3r:

GM AIG close enough

i would add C to the list.