Investment manager Peter Lynch refers to firms that are in bankruptcy or soon might be as

A) slow growers.
B) stalwarts.
C) cyclicals.
D) asset plays.
E) turnarounds.

Asset Plays

Investments made in companies with undervalued assets, where the investor believes the market hasn't fully recognized the asset's true value.

Turnarounds

The process wherein a company that has been performing poorly adopts new strategies to recover and become profitable.

Bankruptcy

A legal process through which individuals or businesses unable to meet their financial obligations can seek relief from some or all of their debts.