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George Putnam has invested in distressed companies for nearly 30 years--with consistent market-beating results. His Turnaround Letter's performance reflects the extraordinary profit potential of turnaround investing, and Putnam also knows all the potential pitfalls, too. Don't miss this free report, which names the 10 most common mistakes.

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BLDR is the newest member of The Turnaround Letter's growing"200 Club"—yielding 209% stock profit. Others stock picks include Delta, US Airways, Marvel and Builders FirstSource.

"For almost three decades, George Putnam has been finding value at the bottom with his Turnaround Letter." ~Money Show

The Turnaround Letter's return on stock purchase recommendations over the past 15 years (as of 6/30/15) was 12.3%—vs. the S&P 500's 2.2%.

Beaten down stocks with real value will prevail regardless of the overall market. We focus on stock selection not market timing.

The Turnaround Letter's 25-year annualized return rate (as of 6/30/15) was 12.5%—vs. the S&P's 7.3%.

"By focusing on out-of-favor companies, his flagship publication, The Turnaround Letter, has achieved enormous success for its subscribers." ~Barron's

IPG, Putnam's November 2015 sale recommendation, brought 103% stock profit for Turnaround Letter readers.

The Turnaround Letter's average stock profit for 2015's closed out stock picks (as of 11/10/15) is +52%.

"Are you a contrarian—someone who can see value in stocks that no one else likes? If so,The Turnaround Letter is your baby." ~Kiplinger Personal Finance

The Turnaround Letter's approach is simple: Putnam avoids the "blue chips" and "hot" stocks that most investors are clamoring to buy.


What is 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 29 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 15-year annualized return on our monthly stock purchase recommendations is 12.3% vs. the S&P 500's 2.2%.
  • 2015's closed out stock picks have gained an average of 52% thus far (through 11/11/15), with four of those seeing profits greater than 100%.
  • Our 15-year returns rank The Turnaround Letter as the top-performer among the 200 investment newsletters monitored by Dow Jones' Hulbert Financial Digest
  • A $1,000 investment in The Turnaround Letter's portfolio just five years ago would have already realized gains greater than 130%. 

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.

The Turnaround Letter stock picks Sample Newsletter

Meet George Putnam

turnaround letter

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 12.3% annualized return on hisTurnaround Letter stock recommendations over the last 15 years makes The Turnaround Letter the top-performing investment newsletter 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

November Recommendation

This  post-bankruptcy telecom’s stock has a number of things going against it right now, but it also has a lot going for it. Most notably, the small-cap owns some very valuable assets that are worth a lot more than the stock is currently trading for. The stock obviously has risks--otherwise it wouldn’t be trading down where it is--but we believe the return potential considerably outweighs those risks.

Learn More »

October Recommendation

This upscale grocery retailer has a strong balance sheet with essentially no debt, and cash flow remains strong.  We believe that the sector still has robust growth potential and that with its new leadership this value stock pick will be able to take good advantage of that potential. 

Learn More »

Distressed Investing Blog

Are the "Experts" Usually Wrong? Time to Buy Emerging Markets?

If you look longer-term--both backwards and forwards--emerging markets look like much more promising investments...and many of the stocks have decent dividend yields to compensate you in case you have to wait a while for a rebound. Read More.

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.

Post-Bankruptcy Stock Index vs. The S&P 500


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