Automobiles & Components

Auto Components, Automobiles

ARTICLES

This large-cap's shares trade at 19.9x earnings and only 7.7x cash flow.

Purchase Recommendation - March 2016

This value stock pick's future looks much brighter than its past troubles imply: The company has many valuable assets, and its solid balance sheet provides financial flexibility. The catalyst to unlocking the value in these assets is the new CEO who is bringing a renewed sense of urgency and focus to the company. We also like the presence of a respected activist investor who has recently become a 10% shareholder and is pressing for a board seat. That presence should help keep the company focused on delivering strong results.
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We think this stock price could go higher but wouldn’t chase it here.

News Notes & Updates - March 2016

This stock pick is moved to hold as a result of a high-profile shareholder's purchase offer.
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Drew Industries Acquires Highwater Marine Furniture Division

Drew Industries (NYSE: DW) announced that its wholly-owned subsidiary, Lippert Components, Inc. (LCI®), has acquired the business and certain assets of the pontoon furniture manufacturing operation of Highwater Marine, LLC, a leading manufacturer of pontoon and other recreational boats located in Elkhart, Indiana.
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DOCUMENTS AND FILES

Bankruptcy Investing

George Putnam's Favorite Stocks for 2016

stock picks

Distressed Investing Blog

Distressed Investing Blog

Comparing Stocks and Bonds

While the common stock of a turnaround candidate usually has the greatest upside potential, other classes of securities, such as bonds or preferred stock, may offer attractive profit possibilities with less risk. Read More.

Your Financial Security is Serious Business...

so why should you trust The Turnaround Letter?

  • The Turnaround Letter's 15-year returns were 11.3%--vs. S&P's 4.4%
  • 30 Years of Turnaround Investing Experience & Reliable Stock Market Advice
  • 2016's Closed Out Purchase Recommendations Averaged 49% 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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