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George Putnam, one of the country's leading turnaround and distressed investing professionals, shares his timely insight on the economy and turnaround investing opportunities.

Stocks Don't Know Who You Voted For: Thoughts About Clinton Vs. Trump & The Stock Market

Excerpted from the November 2016 Issue
A common temptation is to mix emotions with investing. Your candidate won, and so you are more optimistic--or your candidate lost, and now you’re more pessimistic. Stocks don’t know who you voted for. Avoiding emotionally-driven post-election buying and selling will be beneficial to your financial health.
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Chicago Cubs Demonstrate the Value of Leadership in Organizational Turnarounds

Leadership matters. Whether in sports or in business, an organization is not just a collection of people, cash, physical property, intellectual property and other assets. Not every new management team is highly capable and new leadership cannot always overcome dire strategic situations or the quagmire of a decaying industry; but without good leadership, no business can prosper for long--much less survive.
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Risk & Diversification

While important to any investment program, diversification is critical to successful turnaround investing. 
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Volatility Up, Rates to Follow?

Excerpted from the October 2016 Issue
While everyone expects the stock market to drop in response to a rate hike, in the past the opposite has often happened. Interest rate rises are usually in response to strength in the economy, which is generally good for stocks. The effect on bonds is much more clear-cut: when rates go up bond prices go down.
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Mind the GAAP Gap

Excerpted from the September 2016 Issue
A good place to start is in the company’s filings with the SEC--in which Non-GAAP earnings must be reconciled with GAAP results. Earnings conference call transcripts, available for free for most companies, can reveal management’s reasoning. Investors will also want to look at history--how often and how large have adjustments been over the past five years? To be most effective, the investor can use both GAAP and Non-GAAP numbers. Minding the GAAP gap can help improve the chances that your stock profits become recurring.
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Avoid This Common Turnaround Investing Mistake

Turnaround investors recognize the opportunity in a battered stock well before the rest of the market and want to pounce immediately. But even if the fundamentals look attractive and there is a margin of safety in the valuation, the stock can still decline--sometimes substantially.
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Learn George Putnam's Turnaround Secrets

stock picks

Turnaround Investing Blog

Turnaround Investing Blog

Stocks Don't Know Who You Voted For: Thoughts About Clinton Vs. Trump & The Stock Market

A common temptation is to mix emotions with investing. Your candidate won, and so you are more optimistic--or your candidate lost, and now you’re more pessimistic. Stocks don’t know who you voted for. Avoiding emotionally-driven post-election buying and selling will be beneficial to your financial health. Read More.

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 2,057% gain is as of 11/9/16.

Bet on These Battered Stocks

value stock

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Chicago Tribune highlighted this Kiplinger's Money Power write-up on George's contrarian investing approach and The Turnaround Letter's April 2016 monthly turnaround stock pick.

 

Darren Fonda notes, "…besieged stocks often start to recuperate as the headlines fade and investors anticipate a return to precrisis sales and profits. The trick, of course, is to find companies that are more likely to rebound from a setback than collapse entirely."

 

Learn more about Putnam's turnaround investing strategy.