We believe that this is a good time to buy the stock of this shareholder-friendly company with a great global franchise. Although Wall Street’s short-term orientation may hold the stock price down for a while, we believe it has strong long-term investing potential.
It is difficult to predict when things will really turn up for shipping stocks. Among other factors, Chinese demand is particularly hard to forecast. But with most of the drybulk stocks trading at all-time lows – and many at tiny fractions of their former highs – it is an intriguing place for aggressive value investors to put a little money right now.
The stock market’s narrow trading band may have sapped the enthusiasm from some investors, but given the lack of alternative places to invest right now, we think there will be enough demand to push stocks a little higher from here.
George Putnam has suceessfully invested in distressed companies for nearly 30 years and The Turnaround Letter's market-beating returns demonstrate the profit potential. He knows all the pitfalls, too--which he shares in this free report!
10 of 2015's 12 sale recommendations have seen profits. Four of those stocks--GLW, WEN, FCH and BLDR--enjoyed total returns of 100% or higher, and our readers locked in an average gain of 69% with this year's closed out stock picks.
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2015 Stock Profit
George Putnam's Turnaround Letter has seen considerable stock profit in 2015: 10 of this year's 12 sale recommendations have seen increases.
Four of those enjoyed total returns of 100% or higher--and 2015's closed out stock picks have realized an average gain of 69% thus far.