What is Bagel Land?
'Bagel land' is a slang term that describes where investments go when their prices approach zero.
How Does Bagel Land Work?
For example, let's assume that Company XYZ's stock falls from $10 per share to $0.50 per share due to a series of internal scandals and product failures. A bankruptcy filing seems imminent. In this situation, we would say that Company XYZ stock is, 'Heading to bagel land.'
Why Does Bagel Land Matter?
The financial world has its own language. In this case, the slang term evolved from the fact that bagels look like the number zero.