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An investor seeking stocks that have fallen to prices at or near their bottom, which he or she believes will trend up in the future.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
An investment strategy in which one buys high-risk stocks in companies that have recently dropped dramatically in price. The investor buys the stock in the belief that the drop is due to panic selling, rather than a serious fault in the company, and that the company will recover. The number of bottom fishers may increase in a prolonged bear market. See also: Distressed securities.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved