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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 That Pay Dividends

Dividend Paying Stocks Reduce Risk in Playing European Turnaround

Excerpted from the July 2012 Issue

July 27, 2012

What do you do when you can’t solve a problem? One approach is to give up, declare victory and go home. This appears to be what European leaders did at their summit meeting in late June.

We’re not saying that their latest plan (what number is it – 10? 20? 40?) won’t work, but this distressed investing blog wouldn’t bet the ranch on its success. That said, we think there could be good turnaround investing profit potential in European stocks when the continent does begin to recover.

We’re just not too sure when that recovery will occur. For that reason we like European stocks that pay good dividend yields. Those yields reduce the volatility in the stocks and will pay you something even if you have to wait a while for the stocks to move up in price. More specifically, the July 2012 issue of Turnaround Letter names 10 European-based stocks with generous dividends.

Read More Distressed Investing Blog Entries

George Putnam's Favorite Stocks for 2016

stock picks

Distressed Investing Blog

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2015 Bankruptcy Recap: 46% Increase Fueled by Oil & Gas/Mining Industry--Further Uptick Predicted

Looking back at 2015, research reveals a 14% decline in overall business bankruptcies but a 46% uptick in public company Chapter 11 filings—with a striking 51% of those filings coming from the battered Oil & Gas/Mining sectors. Economic indicators point to further increases in corporate bankruptcy, in general, and Energy-related filings, in particular. Just a few days into 2016, this viewpoint has already been validated by Arch Coal's long-awaited $8 billion Chapter 11 filing—and continuing oil price plummets severe enough that OPEC will likely convene an emergency meeting to address "shattered" economies. Read More.

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Spotlight: Junk Bond Market

stock market advice

MarketWatch's Mark Hulbert recently tapped George's distressed investing expertise to determine the fate of the junk-bond market and what its nearly three-year decline likely means for your portfolio.

 

Hulbert writes, "What’s really going on? For insight, I turned to George Putnam, an expert in distressed-company investing. His Turnaround Letter advisory service has handily beaten the stock market over the past 15 years, according to the Hulbert Financial Digest’s tracking, by an impressive margin of 7.3 percentage points a year on an annualized basis."

 

Commenting on the rapid growth of high-yield exchange traded funds (ETF's), Putnam notes, "They have become the investment vehicle of choice for short-term investors….Those investors tend to be trend followers and, therefore, are just the opposite of being contrarian."

 

Read the full MarketWatch junk-bond article to find out what George thinks these recent indicators likely mean for future distressed investing profit.