Distressed Investing Blog

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

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Distressed Investing Blog

Distressed Investing Blog

Nothing Happened in October, Right?

The S&P 500 is up about 0.6% for the month. That makes the month seem pretty uneventful and benign. But for anyone following the stock market day-by-day, October seemed anything but uneventful and benign. Learn how contrarians can leverage this information for value stock opportunity. Read More.

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Current Total Returns

 

Value Stock Profit

Total returns cover the fulll year 2013.

Note: Returns are not adjusted for inflation.

 

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TL Spotlight

George Putnam has always followed the same straight-forward and highly-profitable investment philosophy. He published his first Turnaround Letter issue back in 1986, and readers have seen extraordinary short and long-term stock profit ever since.

 

In fact, 11 of this year's 12 sales recommendations saw gains--with five of those enjoying total returns greater than 100%. The Turnaround Letter's average profit for 2014's closed out stock picks is +82%:

 

2014 Closed Out Purchase Recommendations

Value Stock Picks

* Calculation includes dividends and price changes between purchase recommendation and current price.

 

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