As the security price of property group Stockland hit a record $9.28 on 07 Dec 07, the global credit boom was beginning to come unstuck. In the two short years that followed, Stockland’s security price plummeted 76% to $2.17. It was a savage fall for a supposedly low-risk blue chip investment.
As capital raisings flowed and governments bailed out banks, the fear subsided and stock prices rebounded. But then Stockland's security price came back, and has slumped 28% from a post-GFC high of $4.21 to $3.03 today.