Ten bagger

Posted by Ward on December 17, 2004

In investing language, a stock or other investment that has returned ten times its original investment is called a 'ten bagger'. Other multiples are also used, i.e. five bagger.
The comparison is derived from the US game of baseball, where the bases are called bags, and a hit which produces, say, a three base movement of the runner, is called a three bagger.