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Although George hates to choose favorites among his stock picks, The Turnaround Letter recently released this free e-report: Top Five Turnaround Stocks for 2017, which includes several post-bankruptcy value stocks poised for a rebound.
Iconic shoe creator Crocs (Ticker: CROX) is also on Putnam's list of stock picks. While Crocs’ share price reached a high of $74.75, the success was short-lived. The price reached a low of $0.94 due to declining fads. However, due to a new management team and $200 million cash infusion from private equity firm Blackstone, The Turnaround Letter believes that this stock is ripe for a turnaround.
Says Putnam, "Our focus is on finding attractively valued stocks that are driven primarily by their company-specific fundamentals, rather than by the stock market, broad economy or other outside factors."
In previous years, The Turnaround Letter's stock predictions have generally delivered strong returns--with three out of 2016's top-five five picks gaining at least 20%. Putnam's Top Five Turnaround Stocks for 2017 is the perfect tool to grow your turnaround investing portfolio and lock in stock profit in a potentially turbulent stock market.