The Turnaround Letter

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March 2017

Volume: 31
Edition: 9

Stock Pick & Stock Sales

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This turnaround is not without challenges, so the shares are not without risk.

Purchase Recommendation - March 2017

This turnaround investing opportunity's game plan looks promising, debt maturities are minimal through 2018 and cash flow is already showing significant improvement.  Margins are likely to expand quickly with new revenues because the company’s cost structure will be lean. In addition, $1.7 billion in net operating loss carryforwards (NOLs) will largely eliminate any income taxes for several years--and if management can’t get results back on track, this value stock pick could be an acquisition target for healthier competitors.
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Turnaround Investing Articles

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Warren Buffett recently proclaimed strong confidence and enthusiasm for the U.S. economy.

Unloved “Trump” Stocks Meet Warren Buffett

Although the stock market has shown great enthusiasm for many companies that could benefit from regulatory reform and increased government spending (so-called “Trump” stocks), as well as other companies that will be aided by higher and more stable oil prices, it has overlooked several that could be particularly direct beneficiaries. These five companies are closely involved with building infrastructure, including refining and other energy-related facilities, yet their stocks have been laggards.
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We think so-called junk bonds may be of interest to turnaround investors.

High Yield Bonds: Proceed With Caution

While we like high yield bonds generally as a place to invest, we are cautious about the asset class right now for a couple of reasons.
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These five stocks score well on ESG practices and have strong elements of a turnaround.

ESG Investing - Doing Well By Doing Good

We firmly agree that ESG analysis is an important tool for successful long-term investing and have found that many companies with weak but improving ESG practices can be outstanding investments. Turnarounds in ESG practices often go hand-in-hand with turnarounds in financial results.
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Turnaround News & Updates

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Learn George Putnam's Turnaround Secrets

Free Report: Learn Value Investing Secrets Free

Turnaround Investing Blog

Turnaround Investing Blog

Turnaround Letter's "Uncomfortable" Stocks Gain 35%

A lot has happened since our August 2016 “Time to Move Out of the Comfort Zone” article, which focused on companies that were out of favor due to their “high volatility” earnings and share prices. While the market had ignored the six companies we featured, these “uncomfortable” stocks went on to produce some impressive returns, gaining an average of 35.1% as of March 15, 2017. 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:

200+ Club: Value Investing Stock Profits with 200% or Better Return

* Bristow remains in our active portfolio (currently as a Hold), and 2,849% gain is as of 1/17/17.

Five Struggling Stocks That Will Turn Around

 

stock market advicex

 

Kiplinger points out that despite the post-election stock market surge, not all stocks have benefited from the uptick: "More than 100 issues in the S&P 500 have fallen in price this year, including dozens that have slumped by more than 10%....Yet these stocks won’t all stay in the dumps forever. Some will mount a comeback in 2017, making it an opportune time to try to identify the best candidates."

 

Quoting George Putnam, Kiplinger details five value opportunities for the new year.

 

Learn more about Putnam's investing success with turnaround stocks.