single-digit midget
n. A company with a stock price that has fallen below 10 dollars.
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The upshot is that investors are "shooting the wounded," dumping their holdings in former high fliers, including eToys and CDnow, and turning them into "single-digit midgets," Silicon Valley parlance for companies with droopy share prices.
—Brad Stone, “Dot-Coms Over a Barrel,” Newsweek, April 03, 2000
In turn, falling stock prices make it far harder for a company to operate, sharply limiting its ability to keep valued employees and to attract more capital to keep growing. Once the stock price drops too low and a company becomes what Wall Street calls a "single-digit midget," it often languishes there.
—Debora Vrana, “Bitter Lessons for Wall Street's 'Orphans',” Los Angeles Times, August 26, 1997
1991 (earliest)
Montgomery Securities analyst Alice Ruth says the company could post one or two more quarters in the red. As for the stock, Feshbach says: ''It looks like a single digit midget to me.''
—Herb Greenberg, “Business Insider,” The San Francisco Chronicle, January 22, 1991
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