Bagel Land
A slang term that represents a stock or other security that is approaching $0 in price. Arriving in bagel land is usually the result of one or more major business problems that may not be resolvable. This term is typically used to describe an asset that has fallen from grace as opposed to a penny stock or other historically cheap security.
Investopedia Explains:
If a stock or other asset is headed toward bagel land or is approaching $0 (resembling the hole in the middle of a bagel)...