Also found in: Dictionary, Thesaurus, Medical, Idioms, Encyclopedia, Wikipedia.
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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
A company that remains in business even though it is technically bankrupt and almost surely headed for the graveyard.
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.