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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.

Post-Bankruptcy Stocks / Software & Services

Kodak Emerges from Bankruptcy; Great Brand Recognition, but….

September 8, 2013
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Eastman Kodak recently emerged from its 19-month Chapter 11 proceedings, but the former photography icon is a mere shadow of its former self. The reorganized company will focus on the commercial printing business. Annual revenues are expected to be about $2.7 billion, down from $14 billion a few years ago.

Clearly, Kodak is still a highly recognizable brand, although most of its recognition came through photography which it is no longer a significant part of its business plan. While we like to see good brand recognition in a distressed investment situation, that by itself is not enough to make the company a good investment.

Kodak needs to prove itself all over again after coming out of bankruptcy. Prior to the Chapter 11 filing, management did not appear to have a good understanding of the company’s business prospects, and it remains to be seen if they will do any better going forward. We recommend waiting at least several quarters to see how management executes its new business plan before considering an investment in the reorganized Kodak stock.

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Energy's Wild Ride--Energy Sector Bankruptcies E-Report

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. 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:

200+ Club: Value Investing Stock Profits with 200% or Better Return

* 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

 

stock market advicex

 

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.