fallen angel
n. A company whose once-sky-high stock price has come down to earth.
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.
—Rich Karlgaard, “Do As I Say,” Forbes, December 20, 1999
1976 (earliest)
In recent years Honeywell (43) has been one of the real fallen angels among the former high P/E "one-decision" stocks.
—L. O. Hooper, “The Public Takes Over,” Forbes, February 01, 1976
Filed Under