The Turnaround Letter

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: Top 10 Turnaround Stocks

Turnaround Investing Blog

Turnaround Investing Blog

The Turnaround Letter In The News: Equities.com & Forbes

With more than 30 years of turnaround investing and market-beating results, it's no surprise that media and market pundits often seek George Putnam's commentary, stock picks and unique contrarian expertise. Most recently, both Forbes and Equities.com praised The Turnaround Letter. 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:

Value Investing Stock Profit

* Bristow remains in our active portfolio (currently as a Hold), and 1,390% gain is as of 7/19/17.

Here's Why You Should Invest in Asset Managers

 

stock market advicex

 

This Forbes article cites a recent MoneyShow write-up that recommends investors take advantage of the strong stock market and potential interest rate hike by "putting some of your investment assets into the shares of asset management stocks."

 

The article praises The Turnaround Letter's OAK purchase recommendation and quotes George Putnam: "As the corporate debt binge that we’ve experienced since 2009 comes to an end, Oaktree will benefit from a growing number of restructurings and bankruptcies."  

 

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