Turnaround Investing Blog
Turnaround Investing Blog RSS FeedRSS

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

Banks / Diversified Financials

European Banks: Still Risky but Good Stock Profit Potential

Excerpted from the September 2012 Issue

September 15, 2012

One of our favorite sayings is “Buy when there is blood in the streets,” which is attributed to Baron Rothschild in the early 1800’s. It is particularly appropriate to pull out the Baron’s statement now because he was a member of one of the most prominent European banking families, and the European banking sector is one of the bloodiest sectors in the worldwide financial markets today.

No doubt there is risk in European banks. Even huge banks can fail, or their stockholders can get wiped out if they are nationalized. But there is also great stock profit opportunity in this distressed investing sector. Most of these banks are cornerstones of their nation respective nation’s economy, and many of them have significant global foundations as well.

The September 2012 issue of The Turnaround Letter highlights ten very large European-based banking companies with global reach. We can’t promise that any of them will emerged unscathed from the current turmoil in Europe, but we're pretty confident that some—and possibly even all—of them will increase sharply in price when the turmoil subsides. Read more about European banking turnaround investment opportunities

Read More Distressed Investing Blog Entries

Learn George Putnam's Turnaround Secrets

stock picks

Turnaround Investing Blog

Turnaround Investing Blog

Turnaround Investors Must Be Wary of Debt

There is an old saying among turnaround investors: “earnings and assets come and go, but debt is forever.” 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 2,017% gain is as of 10/20/16.

Retail Turnaround Trio

value stock


MoneyShow.com interviewed George to learn more about his favorite value stock picks for today's market. In "Retail Turnaround Trio," Steve Halpern highlights three of The Turnaround Letter's recently-profiled retailers: JWN, TIF and SPLS.


Putnam notes, "Well the retailing sector is undergoing very fundamental change as people move away from the bricks and mortar mall doors to buying more and more online but that's not going to wipe out all of the old-fashioned retailers. Starting the middle of 2015, investors just moved away from retailers en masse and a number of them are trading at about half the level they were a year ago. We thought some of the higher quality names that definitely will be survivors looked interesting."


Learn more about these three retail stocks poised for a turnaround.