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Investing with The Turnaround Letter
The Turnaround Letter is a monthly newsletter that makes money for its subscribers by providing investment insight, advice and stock purchase recommendations. Written for more than 30 years by George Putnam, III, The Turnaround Letter has had the longevity and proven track record necessary to gain the confidence of thousands of investors and industry experts.
- The Turnaround Letter's 2017's closed out stock picks gained an average of 42% to date (through 7/31/17).
- The Turnaround Letter's closed out stock picks from 2002 through 2017 have gained an average of 64% (through 7/31/17).
- The 15-year annualized return on The Turnaround Letter's monthly stock purchase recommendations is 13%, vs. the S&P 500's 9% (as of 7/31/17).
- Since inception, the annualized return on The Turnaround Letter's monthly stock purchase recommendations is 12% (as of 7/31/17).
- A $10,000 investment in Turnaround Letter stock picks 15 years ago would be worth more than $50,000 today.
With your subscription you’ll receive George’s exclusive “Pick of the Month” along with articles highlighting stocks that have great turnaround potential. You’ll also gain access to the entire online archive of Turnaround Letter issues, picks and industry insights.
Meet George Putnam
A graduate of both Harvard Law School and Harvard Business School, George first became involved with distressed securities as a corporate bankruptcy attorney in the late 1970’s. Later he founded New Generation Research, Inc. and started publishing The Turnaround Letter in 1986.
The 12.6% annualized return (as of 7/31/17) on his Turnaround Letter stock recommendations over the last 15 years makes The Turnaround Letter one of the top-performing investment newsletters for that period of the approximately 200 on the market today. Putnam has been recognized as USA Today's "Investment Advisor of the Year" and is frequently quoted in numerous financial publications and news outlets including the following:
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George's Stock Picks
We believe the stock market has missed several critical parts of this value stock's story. Plus, its cash flow is healthy and the balance sheet, with just $395 million of debt, is only about 1.2 times EBITDA and partly offset by $90 million of cash. The small-cap also holds a surplus real estate portfolio worth perhaps $80 million. Like any contrarian stock, this month's purchase recommendation is not without risks; however, with its heavily discounted valuation and tremendous brands it wouldn't take much good news to handsomely reward shareholders.
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This small-cap stock pick disappointed investors almost from its first day as a public company, yet the Company has a lot of contrarian investing appeal: First, the accumulation of black marks has completely soured investors, leaving its shares trading at only 6.4x current year EBITDA. Further, its balance sheet and positive cash flow give the Company plenty of time for the fundamentals to rebound. With its considerable financial and operating leverage, this value stock is well-positioned to benefit from several further opportunities.
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Turnaround Investing Blog
With nearly $180 billion in assets under management, “activist” investment funds have become a powerful force in the capital markets: Nearly 40% of companies in the S&P 500 attracted activist attention in recent years. According to Activist Insight, 320 companies in the U.S. experienced an activist campaign in just the first half of 2017; but who, exactly, are these activists, what are they after, and what role do they collectively serve?
Investing in Post-Bankruptcy Stocks
Post-bankruptcy stocks represent an interesting investing sector because they operate in such an inefficient niche and often move independent of the overall market. Even though many companies take advantage of the Chapter 11 process to reshape their businesses and balance sheets to emerge as a stronger and more competitive entity, investors are often biased against post-bankruptcy situations because of their troubled past. Learn more.
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