How Can The Turnaround Letter Help You?
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The goal of this website is to serve as a beneficial resource that helps you expand your investing knowledge and success. Keeping in mind that education is just as important as market-beating purchase recommendations, we have designed this site to offer many features that help our viewers, registered members and subscribers become successful turnaround investors.
TL Corner
A regularly updated blog in which George shares his thoughts on the turnaround investing opportunities that exist in this challenging economy. In this feature, George looks at different industries, investment vehicles and strategies with his eye on uncovering turnaround opportunities. As George has always said, there are plenty of turnaround opportunities out there as long as you know where to look.
Ask George
In this popular feature, viewers, registered users and subscribers submit their investing questions to George directly. He then publishes his answers regularly throughout the month. The ever -growing archive of questions and answers reflects the investing insight of one of the countries most successful turnaround investors.
Database of Turnaround Letter Articles
Subscribers have access to hundreds of Turnaround Letter articles covering all aspects of turnaround investing. This database can be searched by company, industry, investment vehicle and more. It is an exhaustive investing research tool.
Special Reports and White Papers
The site offers numerous reports on all aspects of turnaround investing written by George. Experienced and novice investors alike benefit from George’s keen insight and understanding of the world of investing.
Potential Turnaround Companies
The Turnaround Letter site will help you identify potential turnaround opportunities by pointing subscribers to articles on companies with turnaround potential.
Track Active Recommendations
Our performance charts tracks the performance of our active recommendations relative to the original purchase price.
Glossary of Turnaround Investing Terms
This convenient tool provides easy access to definitions of turnaround investing terms.
Turnaround Tips
TLCorner
Where Are the Customers' Yachts?
This headline could easily apply to Goldman Sachs today, as recently described by former employee Greg Smith. Actually, it is the title of a book written in 1940 by a former Wall Street employee named Fred Schwed, Jr. The title refers to a story about person admiring the yachts owned by bankers and brokers who asks where the customers' yachts were. Of course, the customers, who had dutifully followed the advice of the bankers and brokers, couldn’t afford yachts. This just goes to show that there is nothing new about the attitude that Goldman Sachs employees were purported (probably accurately) to have about their clients. It was just as true in 1940--and likely has been forever--as it is now.
Read More.Beware of Trendy Turnaround Candidates - Even Green Ones
Don't Chase the Headlines
The recent unfortunate accident involving the Costa Concordia cruise ship, which is owned by a subsidiary of Carnival Corp., raises an important investing question: Should you bail out of a stock if the company is affected by a serious negative event? Unless the event could be part of a series or trend, the answer is usually “no,” for two reasons.
Read More.What did The Turnaround Letter see that others did not?
Questions & Tips
AskGeorge
Now that Greece's latest bailout is complete, is it safe to buy European stocks again?
We’re not at all sure that either Greece’s or Europe’s troubles are truly behind them. But that said, we also believe that it makes sense to have some European exposure in your portfolio. The advice we gave in the November 2011 issue still holds...
Read More.With so much turmoil and uncertainty in the U.S. economy, and even more fear of collapse overseas, do you ever recommend just getting out of the stock market all together and hunkering down with something safer like bonds?
I never recommend getting out of the stock market entirely--or even making major changes to your allocation to stocks. The stock market is so unpredictable that if you bail out, the risk is very high that you will miss a significant upturn. Moreover, even if you make the right call to get out of the market, you then have to muster the courage to get back in.
Read More.What is your opinion on investing in foreign turnaround companies?
There are certainly good opportunities in foreign turnarounds, but also very significant risks as well. The market inefficiencies that provide unusually high return potential for turnarounds here in the U.S. are probably even greater in foreign markets. However, there may be special, local features that affect foreign companies that we may not understand when we view them from afar.
Read More.Bankruptcy Investing
George reflects on bankruptcy investing activity & trends seen in 2010. Read more.