BUBBLE COMPANY
\bˈʌbə͡l kˈʌmpəni], \bˈʌbəl kˈʌmpəni], \b_ˈʌ_b_əl k_ˈʌ_m_p_ə_n_i]\
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A company whose valuation greatly exceeds that suggested by its fundamentals. The first well-documented bubble company was the South Sea Company, which caused the South Sea Bubble in 1720. A bubble company arises when speculators continuously buy up the stock in expectation of increased future earnings.
By Henry Campbell Black
