Bagel Land
What it is:
"Bagel land" is a slang term that describes where investments go when their prices approach zero.
How it works/Example:
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 it matters:
The financial world has its own language. In this case, the slang term evolved from the fact that bagels look like the number zero.