5 Companies That Narrowly Escaped Disaster

With the low point of the Financial Crisis now more than six years in the rear-view mirror, 24/7 Wall Street recently compiled a list of five of the biggest turnaround stories since the market crash. These five companies teetered on the brink of disaster, but they have since made major comebacks.

1. Best Buy Co Inc BBY 1.36%

Unlike other names on this list. Best Buy’s comeback has occurred more recently than 2009. But Best Buy shares traded as low as $10.51 in late 2012. Over the past few years, Best Buy has worked to re-define its business and make strides to compete with lower-priced rivals such as Amazon.com, Inc. AMZN 1.4%. Shares are now up 226 percent from their 2012 low.

2. T-Mobile US Inc TMUS 0.26%

T-Mobile’s future seemed far from certain when the stock hit $7.26 per share in 2009, but T-Mobile found…

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