Introduction to Turnaround Letter

The Turnaround Letter Track Record

Our track record speaks for itself. The Turnaround Letter is one of the best performing investment newsletters ever published. Please review the performance numbers listed below as reported by The Hulbert Financial Digest, the independent and respected service that monitors and tracks over 180 investment newsletters. Our 11.3% annualized return rate over the last 20 years makes us the second best performing newsletter during that period.

Period	Turnaround Letter Performance	DJ/Wilshire 5000 Performance
2009 YTD (through 08/09)	51%	2.34%
Last 5 years (through 08/09)	1.10%	1.27%
Last 10 years (through 08/09)	7.80%	.19%
Last 15 years (through 08/09)	8.79%	6.3%
Last 20 years (through 08/09)	11.30%	7.80%

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George Putnam's interview in Barron's