A stock that grows in value ten-fold.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
A stock with a price that eventually rises to 10 times what a shareholder paid for it. Tenbaggers are obviously very profitable for an investor and one is considered lucky if one finds a tenbagger. While there is no method for finding a tenbagger, they tend to be small-cap companies with large growth potential. They eventually become blue chip stocks. Examples of stocks that have become tenbaggers are Wal-Mart and General Electric. The term was coined by Peter Lynch.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved