zombie

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Zombie

A publicly-traded company that continues operations despite a merger or bankruptcy. Stocks in zombies are usually low in price because the companies are likely to cease operations (and the stocks will consequently become worthless). However, a few bottom feeders may be interested in a zombie if they believe that it can restructure and become profitable.

zombie

A company that remains in business even though it is technically bankrupt and almost surely headed for the graveyard.