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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.

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Traditional Retailers: Will Brick-and-Mortar Stores Disappear?

Our answer is “No, at least not for many decades,” but many investors appear to disagree. When some retailers posted disappointing results last autumn, many retail stocks dropped 40-50% from highs set only a few months earlier. Read More.

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Banking on a Financial Sector Turnaround

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MoneyShow.com recently tapped George's favorable opinion for a banking industry rebound. In "Turnaround Expert's Banking Bets," Steve Halpern highlights a trio of Putnam's top stock picks from the battered financial sector.

 

George reminds value investors: "Fortunately, many of the factors...just aren't present in the market, and the other reason that investors seem to be down on the banks is they sort of expected the Fed to raise interest rates a little faster than they have. And the banks do better when interest rates are rising because they have wider margins on their loans, but I think the Fed will gradually raise rates to we will see profits improve, and so I think this downturn is really temporary."

 

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