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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.

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

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Stocks Don't Know Who You Voted For: Thoughts About Clinton Vs. Trump & The Stock Market

A common temptation is to mix emotions with investing. Your candidate won, and so you are more optimistic--or your candidate lost, and now you’re more pessimistic. Stocks don’t know who you voted for. Avoiding emotionally-driven post-election buying and selling will be beneficial to your financial health. 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 2,057% gain is as of 11/9/16.

Bet on These Battered Stocks

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Chicago Tribune highlighted this Kiplinger's Money Power write-up on George's contrarian investing approach and The Turnaround Letter's April 2016 monthly turnaround stock pick.

 

Darren Fonda notes, "…besieged stocks often start to recuperate as the headlines fade and investors anticipate a return to precrisis sales and profits. The trick, of course, is to find companies that are more likely to rebound from a setback than collapse entirely."

 

Learn more about Putnam's turnaround investing strategy.