Mid Cap / Diversified Financials / Software & Services
Online financial services provider improves balance sheet and benefits from strong branding.
Purchase Recommendation - August 2012
This mid-cap prospect pioneered Web-based stock trading. After taking hits from the tech bubble burst and sub-prime crisis, the company has made good progress on a number of fronts. The Turnaround Letter feels its strong brand recognition and delinquent loan shrinkage make for an appealing turnaround investing opportunity.
Learn George Putnam's Turnaround Secrets
Turnaround Investing Blog
BankruptcyData's Energy Sector Bankruptcies
report anticipates that overall Chapter 11 activity will remain at a high level for the foreseeable future. Energy company filings have probably peaked and will gradually decline over the next 12 to 18 months, so the flow of bankruptcies will likely shift toward a more diverse group of industries. In time, this could contribute to an opportunity-rich market for distressed debt and post-reorganization stocks.
Market-Beating Profit: The 200+ Club
Turnaround stocks present a unique opportunity for savvy investors to buy in at bargain prices. Take a look at this list of just a few of our purchase recommendations that have realized a return rate of 200% or better:
* Bristow remains in our active portfolio (currently as a Hold), and 2,849% gain is as of 1/17/17.
Five Struggling Stocks That Will Turn Around
Kiplinger points out that despite the post-election stock market surge, not all stocks have benefited from the uptick: "More than 100 issues in the S&P 500 have fallen in price this year, including dozens that have slumped by more than 10%....Yet these stocks won’t all stay in the dumps forever. Some will mount a comeback in 2017, making it an opportune time to try to identify the best candidates."
Quoting George Putnam, Kiplinger details five value opportunities for the new year.
Learn more about Putnam's investing success with turnaround stocks.
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