pick and shovel company

pick and shovel company
n.
A company that supplies an industry's equipment rather than its goods or services.
Example Citation:
"The smart money is not just spreading bets on individual companies. Rival biotech firms are pursuing vastly different approaches to profiting from the basic research. There are, for example, the 'pick and shovel' companies, an allusion to the fact that the only people who made real money during the gold rush were those who sold supplies to the miners."
— Adam Bryant, "The Gold Rush," Newsweek, April 10, 2000
Related Word:
Category:

New words. 2013.

Игры ⚽ Нужно сделать НИР?

Look at other dictionaries:

  • Pick-And-Shovel Play — A strategy where investments are made in companies that are providers of necessary equipment for an industry, rather than in the industry s end product. A pick and shovel play, in practice, could be within the oil industry; an investor would… …   Investment dictionary

  • pick — 1 /pIk/ verb (T) 1 CHOOSE STH to choose someone or something good or suitable from a group or range of people or things: Students have to pick three courses from a list of 15. | Let me pick a few examples at random. | pick your words (=be careful …   Longman dictionary of contemporary English

  • Hampshire and Hampden Canal — The Hampshire and Hampden Canal was the Massachusetts segment of an convert|86|mi|km|sing=on canal that once connected New Haven, Connecticut to the Connecticut River north of Northampton, Massachusetts. Its Connecticut segment was called the… …   Wikipedia

  • History of the petroleum industry in Canada (frontier exploration and development) — discoveries took place near population centres or along lines of penetration into the frontier. The first oil play, for example, was in southern Ontario. The first western natural gas discovery occurred on a Canadian Pacific Railway right of way …   Wikipedia

  • Chesapeake and Delaware Canal — Map of the C D Canal from The Chesapeake to Delaware Bays …   Wikipedia

  • Ollerton and Boughton — is a civil parish and town in the Newark and Sherwood district of Nottinghamshire, England. Contents 1 Ollerton village 2 New Ollerton 3 Boughton 4 …   Wikipedia

  • B2B — adj. Business to business; describes transactions in which one company sells a service or product directly to another company. Example Citation: Online retail sales have risen from nothing to about $20 billion. Business to business transactions… …   New words

  • Companies — application service provider bustaurant cleantech commercial service provider do tank dot com fallen angel …   New words

  • Ditch Witch — Charles Machine Works The file File:DitchWitchlogo.png has an uncertain copyright status and may be deleted. You can comment on its removal. Type Private Industry Construction Equipment Founded Perry, Oklahoma …   Wikipedia

  • Ashland, Pennsylvania — There is also Ashland Township in Clarion County. Infobox Settlement official name = Ashland, Pennsylvania other name = native name = nickname = settlement type = Borough motto = imagesize = image caption = A view of Ashland flag size = image… …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”