n. A company whose once-sky-high stock price has come down to earth.
1999
My wife knows me as a perfidious stock picker. Over the years my technique has been to buy a fallen angel at 4, then ride it to 2, panic and bail.
1976 (earliest)
In recent years Honeywell (43) has been one of the real fallen angels among the former high P/E "one-decision" stocks.