The Turnaround Letter

August 2017

Volume: 32
Edition: 2

Stock Pick & Stock Sales

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Like any contrarian stock, this month's purchase recommendation is not without risks.

Purchase Recommendation - August 2017

We believe the stock market has missed several critical parts of this value stock's story. Plus, its cash flow is healthy and debt is only $395 million, about 1.2x EBITDA, and is partly offset by the $90 million in cash. The small-cap also holds a surplus real estate portfolio worth perhaps $80 million.
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Turnaround Investing Articles

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Public company bankruptcies have declined modestly thus far in 2017.

Mid-Year Bankruptcy Review & Outlook

Even though energy bankruptcies are on the decline, we believe there will continue to be good opportunities for distressed/turnaround investors in that sector for some time.
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We sifted through the roster of IPOs looking for stocks that investors have bypassed.

IPOs--Looking for Bargains

This year is shaping up to be a pretty busy year for IPOs, but not all deals have been blockbusters. This article names six recent IPOs by companies with worthwhile products and services, reasonable valuations and share prices below or little-changed from their debut prices.
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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.