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Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
An investment that results in an especially large capital gain in a very short period of time. For example, one may buy a stock that jumps from $5 per share to $55 per share in only six months. A home run results in huge capital gains for the stockholder or other investor. This term can be used for any investment vehicle, especially an IPO. See also: Hot issue.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
An investment that produced a large return in a short period of time for its purchaser. For example, an investor might purchase shares in an initial public offering that moves sharply upward in subsequent trading in the secondary market.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.