orphan

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Related to adoption: open adoption, Adoption Process

Orphan Stock

A stock that is not often tracked by analysts. This may be because it is not very well known or because it belongs to an industry that is generally performing poorly. As a result these stocks have low demand and often a low price. Some value investors recommend buying orphan stocks because they could be undervalued. However, because demand is low, orphan stocks have low trading volume and a small change in demand may result in volatility in price. An orphan stock is also called a wallflower.

orphan

Of or relating to a security that is not regularly covered by security analysts. An orphan security is likely to attract little investor interest and to sell at a relatively low price compared with other securities of the same type. For example, an orphan stock is likely to sell at a low price-earnings ratio and an orphan bond will offer a relatively high yield.
Case Study Many individuals in the financial community believe investment banking firms have an obligation to provide continuing research coverage of companies they take public. Research coverage increases a firm's exposure to the investment community, an important benefit for the firm and its shareholders, especially investors who acquired stock during the initial public offering. Dropping coverage of a small company and causing the stock to become an orphan can have a devastating effect on the stock's liquidity and market price. In some instances coverage is discontinued because of a loss of investor interest, in which case any remaining investor interest can virtually disappear. Orphan stocks became more common in the tech stock meltdown of 2000-01. In October 2001 Credit Suisse First Boston dropped coverage of Evolve Software, a software and fiber optics company that CSFB took public for $9 a share in August 2000. Although the stock quickly tripled in price following the initial public offering, it soon got caught in the downdraft of the bear market for technology stocks and had declined to approximately 25¢ per share by the time CSFB dropped its coverage of the firm. The analyst at Credit Suisse First Boston remained bullish on the stock until coverage was suddenly dropped a little more than a year after his firm managed the initial public offering.
References in periodicals archive ?
Adoptions From The Heart (AFTH) was founded in 1985 by Maxine Chalker, our Executive Director.
The BLM conducts several wild horse and burro adoptions all over the country.
Certain countries were in negotiations on national and international adoption laws in Cambodia, which have been strengthened to properly control child adoption in the Kingdom.
The adoption day will be held atPDEA K-9 Unit Facility Sitio Lambakin, Barangay Sto.
The #RAREis Adoption Fund supports Gift of Adoption's mission to provide financial assistance to complete the final steps of adoption of at-risk children.
In Kenya, the responsibility lies with the Child Welfare Society of Kenya - a state corporation - for the care, protection, welfare and adoption of children.
Since UAE is not a signatory to Hague Adoption Convention, you may have to comply with any other additional document like an affidavit or an undertaking by your sister-in-law that she has no objection for you to adopt her son in the UAE based on the adoption granted by the Authority in India.
If you'd like to get involved, follow Adoption Counts on Facebook and Twitter and share your adoption stories with the hashtag #supportadoption.
The Revord's were inspired to help unite more children in need with a forever family after embarking on their own adoption journey.
The project is seen as a key step forward, as figures highlight that 63 children on the Wales Adoption Register have been waiting more than 12 months for a permanent home.
The natural parents did not consent to the Ottrix adoption, but a Norfolk juvenile and domestic relations judge ruled in 2017 that the consent of the natural parents was being withheld contrary to the best interests of the child.
According to the Ministry, adoptions from India had been put on hold by Australia eight years ago, on reported charges of trafficking of children for Inter-country adoption even by some recognised Indian placement agencies.