1492 terms

Glossary

Every term is defined twice: once the way a filing would put it, and once the way somebody would explain it to you across a table. The second one is usually the one that sticks.

Showing 2 terms

Holding company

Fundamental analysis

A listed entity whose principal asset is stakes in other companies rather than an operating business of its own.

In plain terms

You own the underlying indirectly and receive only what flows up as dividends, taxed on the way. That is the structural reason these trade below the sum of their parts.

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Holding company discount

Fundamental analysis

Also called: Holdco discount

The gap between a holding entity’s market value and the value of the stakes it owns.

In plain terms

Real, persistent, and it needs a catalyst to close. Being right without one pays nothing.

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