DEFINITION of 'Big Uglies'
Old industrial companies in gritty industries (such as mining, steel and oil) and as a result, they tend to be unpopular stocks with investors.
BREAKING DOWN 'Big Uglies'
While big uglies are not as sexy as tech stocks, they do provide solid long-term earnings, growth and dividends. They are often overlooked by investors seeking fast profits, but not by value investors looking for bargain-priced stocks with a low price-to-earnings ratio. On the other hand, when markets tumble, the bulletproof earnings of the big uglies attract investors of all types.