Fallen Angel

What does it mean?
1. A bond that was once investment grade but has since been reduced to junk bond status.

2. A stock that has fallen substantially from its all time highs.

In Other Words...
There is a fine line between fallen angels that are value stocks and those that are headed straight towards bankruptcy.

Related Links
Bond Basics Tutorial - What are bonds and do they belong in your portfolio? Get all the answers in this comprehensive tutorial.

Junk Bonds: Everything You Need to Know - Don't be fooled by the name--junk bonds may be for you if you know how to analyze them.

Stock Basics Tutorial - If you're new to the stock market and want the basics, this is the tutorial for you!

Related Terms
Bond Rating | Correction | Falling Knife | Investment Grade | Value Stock

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