The Turnaround Letter

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May 2016

Volume: 30
Edition: 11

Stock Pick & Stock Sales

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This mid-cap's shares trade at 14.9x a depressed 2017 estimated earnings of $0.59/share.

Purchase Recommendation - May 2016

With a successful turnaround, we would expect to see considerably higher earnings and cash flows, along with higher multiples for this retail stock pick; and a private equity firm has a $14.50 conversion price on its preferred stock, which further incentivizes management and board to produce shareholder value.
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Turnaround Investing Articles

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These nine value stocks represent a diversified group that serves global agriculture in different ways.

Agricultural Products: The Other Commodities

Agricultural commodities have been in a slump for much of the last three years as a result of shorter-term issues such as over-production of certain crops, weather issues and temporary swings in demand related to local economic conditions and currency movements. We believe that the agricultural cycle is likely to begin to rebound in the not-too-distant future.
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These nine value stock picks all had IPOs over the last few years, have solid businesses and have stocks trading well below their initial offering price.

Don't Chase Hot IPO's; Wait for Good Stocks to Fall

Many IPOs are for very decent companies--it's just that they tend to be over-hyped. As contrarians, our interest is sparked when a solid (although perhaps less exciting company) goes public but fails to capture investor enthusiasm. The stock then drifts down to a level where it becomes a good value investing opportunity.
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Turnaround News & Updates

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Three important stock status changes.

News Notes & Updates - May 2016

Recent stock market activity has caused us to change the status of three of our turnaround stock picks.
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George Putnam's Favorite Stocks for 2016

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Distressed Investing Blog

Distressed Investing Blog

Who Owns The Stock?

Year after year, many of the biggest winners on Wall Street are struggling companies that turn themselves around and return to favor with investors, but not every laggard is going to turn into a success story. You can improve your chances of spotting a successful opportunity by following some basic rules that apply to almost all turnarounds. Read More.

Your Financial Security is Serious Business...

so why should you trust The Turnaround Letter?

  • The Turnaround Letter's 15-year returns were 11.0%--vs. S&P's 2.9%
  • 30 Years of Turnaround Investing Experience & Reliable Stock Market Advice
  • 2015's Closed Out Purchase Recommendations Averaged 53% Stock Profit
  • Diverse Monthly Stock Picks Personally Selected by George Putnam

Banking on a Financial Sector Turnaround

bank stocks

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MoneyShow.com recently tapped George's favorable opinion for a banking industry rebound. In "Turnaround Expert's Banking Bets," Steve Halpern highlights a trio of Putnam's top stock picks from the battered financial sector.

 

George reminds value investors: "Fortunately, many of the factors...just aren't present in the market, and the other reason that investors seem to be down on the banks is they sort of expected the Fed to raise interest rates a little faster than they have. And the banks do better when interest rates are rising because they have wider margins on their loans, but I think the Fed will gradually raise rates to we will see profits improve, and so I think this downturn is really temporary."

 

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