cult stock
nounDefinitions
A stock in a failing company whose price per share is inappropriately high because the…
A stock in a failing company whose price per share is inappropriately high because the company used to be a market leader or previously had a well-known popular product.
- With the demise of the dot-coms, you can make a strong case that a chain of doughnut shops has become America's favorite cult stock.
- With a loyal core investor following, cult stocks inherently trade at a premium.
- Cult stocks like Palm and Sun Microsystems can exist on air for years because they have cash and a history even if their market share shrinks and their prospects dim.
The neighborhood
Vish — recursive loop
No curated loop yet for cult stock. Loops are being traced one word at a time while the ingestion pipeline matures.
sense glosses and etymology drawn from English Wiktionary · source · CC-BY-SA