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The Turnaround Letter in the News
As a turnaround investment authority, George Putnam, III first became involved with distressed securities as a lawyer in the late 1970s. Seeing the inefficient niche in which bankruptcies and turnarounds were presented and researched, he founded New Generation Research, Inc. and began publishing The Turnaround Letter in 1986.
Since then, Putnam has frequently been quoted in the full range of media sources—including Fox Business, Barron's, The Wall Street Journal, New York Times, MoneyShow.com The Fiscal Times and USA Today, just to name a few. The links below offer a brief overview of George’s most recent media citations and accolades:
MoneyLife Radio's Chuck Jaffe interviews George to learn more about his market-beating contrarian investing methodology and exactly what The Turnaround Letter looks for in an ideal turnaround stock candidate. Jaffe touches on macro v. micro factors and the potential impact of our current administration. Putnam also discusses two of his current favorite stock picks in the energy sector--and tells Jaffe how he knows when it's time to sell and lock in profit. The interview concludes with a lively round of "Hold 'Em or Fold 'Em" recommendations.
MarketWatch notes, "Value is hot again....For the first 11 months of the year, ...the average value stock did 17.0% better than the average growth stock. That’s better than any prior calendar year performance since 2001. Mark Hulbert goes on to cite George's Turnaround Letter as a top-performer with "classic value-oriented strategies."
Kiplinger points out that despite the post-election stock market surge, not all stocks have benefited from the uptick. Kiplinger notes, "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 investing opportunities for the new year.
Chicago Tribune: "Bet on These Battered Stocks"
Chicago Tribune highlighted this Kiplinger's Money Power write-up on George's contrarian investing approach and The Turnaround Letter's April 2016 monthly turnaround stock pick. Darren Fonda notes, "…besieged stocks often start to recuperate as the headlines fade and investors anticipate a return to precrisis sales and profits. The trick, of course, is to find companies that are more likely to rebound from a setback than collapse entirely."
Bottom Line Personal: "Turnaround Stocks"
Bottom Line Personal tapped George's value stock expertise, noting, "At a time when the stock market has been setting records, are there any bargains left? There are—in companies that have run into big problems but are ripe for a turnaround in both their businesses and their stock prices."
Kiplinger sought out Putnam's long-term buy-and-hold investing advice. Daren Fonda notes: "If you're going to bottom-fish, be patient. Wait for the stock to settle after bad news hits, and then buy shares gradually over time (in case more bad news trickles in). Home in on companies with durable advantages, such as a strong brand or exceptionally low costs. Steer clear of firms with inscrutable accounting. And look for companies that pay dividends and are likely to maintain the payments through a crisis. Even if the shares don't budge for ages, at least you can get paid to wait for a rebound, says George Putnam, editor of TheTurnaround Letter, a newsletter that focuses on out-of-favor stocks."
MoneyShow.com: "Retail Turnaround Trio"
MoneyShow.com interviewed George to learn more about his favorite value stock picks for today's market. This Daily Guru feature highlights three of The Turnaround Letter's recently-profiled retailers: JWN, TIF and SPLS. Putnam notes, "Well the retailing sector is undergoing very fundamental change as people move away from the bricks and mortar mall doors to buying more and more online but that's not going to wipe out all of the old-fashioned retailers."
MarketWatch's Michael Brush recently profiled several solid year-end bounce stock picks. In "Year-end Selling Has Made These Stocks Screaming Bargains," Brush notes, "This year, tax-loss selling is particularly pronounced and probably creating more bargains than normal because of an unusual dynamic." Brush emphasizes, "Putnam is worth listening to because his stock letter performs extremely well. Since 2000, its picks are up 10.8% a year, compared to 4.5% for the Wilshire 5000 Total Market Index W5000, -0.44% according to Hulbert Financial Digest."
Barron's: "Candidates for the January Effect"
Barron's Emily Bary cited George's top yearend bounce stock picks and investing advice. In "Candidates for the January Effect," Emily Bary reminds investors, "In the new year, consider giving the old year’s losers another shot, at least for a while. Many big stocks are down this year, which could create an opportunity for a January bounce." She goes on to name several stocks discussed in the Dec. '15 Turnaround Letter and quotes George: "Ultimately, longer-term fundamentals will drive the prices of these stocks, but you can often make good money from the yearend bounce pattern."
MarketWatch's Mark Hulbert tapped Putnam's expertise to determine the true fate of the junk-bond market—telling readers what recent indicators likely mean for future stock market prospects. Commenting on the rapid growth of high-yield exchange traded funds, Putnam noted, "They have become the investment vehicle of choice for short-term investors….Those investors tend to be trend followers and, therefore, are just the opposite of being contrarian."
MoneyShow.com: "Small-Cap Values in Retail"
In this "Daily Guru" feature, George focused on small-cap value stock picks and identifies three under-performing retailers with many of the ideal traits for a successful turnaround.
Kiplinger tapped George Putnam's turnaround investing expertise in this value stocks write-up. Kathy Kristof notes: "Value investors love beaten-down stocks because the shares can quickly post outsized gains once the world discovers that the companies have turned the corner." In the same article, George asserts, “You have to have a strong stomach and be willing to go against the crowd. If you wait until the recovery is established, everyone piles in and you only get a fraction of the potential profit.”
Hulbert Financial Digest echoed George's stock market advice emphasizing a calm, patient approach to long-term returns. "Preparing for the Coming Bear Market" highlights top-performing investment newsletters since 2000's bull market peak. Mark Hulbert praises The Turnaround Letter's market-beating results, noting, "These top performers are not prone to panic, in other words."
In this "Daily Guru" feature, George detailed three key advantages of dividend-paying turnaround stocks—and names four timely value investing stock picks suitable for conservative investors looking to cash in.
Mark Hulbert boldly proclaimed: "Warren Buffett is not the only investor who publishes a must-read newsletter." This MarketWatch article emphasizes that several have outperformed Berkshire Hathaway—with the added bonus of not making "you wait a whole year, as Buffett does, to get updated insights." Berkshire Hathaway's15-year annualized growth rate is 9.4%. Hulbert notes that The Turnaround Letter easily "bettered that return" with its 12.1%. Long story short, MarketWatch reminds investors: "...you don't need to look only to Buffett for ways to put that approach into practice."
MarketWatch warned investors to be cautious of short term performance ratings when picking an adviser--instead advocating a 15-year track record that "encompasses two powerful bull markets as well as the bursting of the Internet bubble and the Great Recession of 2008-2009." Mark Hulbert goes on to praise The Turnaround Letter's investing methodology and 15 year stock profit returns.
The Fiscal Times recognized The Turnaround Letter's market-beating results and buy and hold investing strategy. Michael Brush notes, "Before 2014 comes to a close, take a moment to meet some Rodney Dangerfields of the stock market—because it might boost your returns in 2015. You won't see these stock newsletter writers ranting on your favorite TV show. But they merit your attention more than the talking heads."
Hulbert Interactive revealed its most recent best performance rating. As of October 31, 2014, the annualized return on The Turnaround Letter's stock picks over the past 15 years was 13.1%, vs. the S&P 500's 2.15%. Once again, the Stock, Fund & Newsletter Screener determined that The Turnaround Letter ranked as the highest performing investment newsletter among the nearly 200 monitored.
In this recent "Daily Guru" interview, George highlighted four top turnaround stock picks from widely diverse industries. Each of these value investing opportunities shares one common, critical factor.
Bottom Line/Personal interviewed George and proclaimed, "...Putnam is able to sift through the debris and look for reasons to believe that the company will not just survive but thrive." In this write-up, George reveals his favorite contrarian stock picks with maximum profit potential.
Dick Davis’ Investment Digest recently announced its “best performer” for 2013: MGIC Investment (MTG), “which gained 194.08%—was chosen by George Putnam III of The Turnaround Letter." The report also identifies and details Putnam’s “single favorite investment idea" for 2014.
This Wall Street Journal/Market Watch piece warns investors that "following last year's stock market leaders is a risky bet" and praises The Turnaround Letter's first place 15-year performance returns. Mark Hulbert writes, "[The Turnaround Letter's] "model portfolios have produced an average annualized return of 14.2% over the past 15 years, versus 4.7% annualized for the S&P 500, assuming dividends were reinvested."
MoneyShow.com named George top performer out of all 80 "Top Picks" stocks. This feature interview updates investors on MTG's status and highlights select year-end bounce candidates.
MSN Money’s Michael Brush featured The Turnaround Letter's AMR stock pick in this article naming seven promising purchase recommendations under $5, proclaiming that George, "a deep-value investor...[is] worth listening to."
Motley Fool analyzed Putnam’s June 2013 Oil & Gas options for income investors on the lookout for cheap valuation & generous dividends—ultimately declaring that George’s stock picks represent “good long-term holdings in investors’ energy portfolios.”
In its "Daily Guru" feature, MoneyShow.com's Steven Halpern interviewed George--seeking his expertise & advice on turnaround investing, in general. This segment also highlights The Turnaround Letter's BP & MGIC purchase recommendations.
Kiplinger Personal Finance tapped Putnam’s contrarian investing expertise and shared the following Turnaround Letter stock picks with Kiplinger's readers: US Air, (LCC), Chiquita (CQB), MGIC (MTG) & Rite Aid (RAD).
Fox Business Interview
Fox Business brought George back for a “victory lap”—praising his Hewlett Packard and Best Buy picks and asking for future recommendations. George details the promising turnaround investing opportunities from mortgage insurer stocks named in the February 2013 Turnaround Letter.
Fox Business Interview
Fox Business tapped George’s investing expertise, talking about the fiscal cliff, year-end stock picks and--primarily--the turnaround potential for The Turnaround Letter’s June 2012 purchase recommendation: Hewlett Packard (HPQ).
MSN Money: “Top Picks” Feature
MSN Money’s Michael Brush proclaimed George Putnam III one of his coveted “13 Top Picks from Top Pros for 2013”—calling him one of the two “favorite value managers for the past decade.” Specifically, Brush likes The Turnaround Letter’s November 2012 purchase recommendation for upscale hotel operator FelCor Lodging Trust (FCH).
Investment Digest: "Best Performers of the Year"
Dick Davis’ Investment Digest selected The Turnaround Letter’s November 2011 OfficeMax (OMX) stock pick as its “best performer (by far)” for 2012—beating out 50 reputable competitors. Investment Digest proclaims that George “clearly has skill at selecting promising rebound candidates from a field of beaten-down stocks, many of which may never recover.”
In light of Jack Hough’s Wall Street Journal article “Betting on a Turnaround,” George was asked to speak with MarketWrap about the benefits of a turnaround investing strategy in today’s “Aging Bull Market.”
The Stock Advisors: "Could Xerox Copy IBM's Turnaround?
MoneyShow.com: "Great Time to Buy These 5 Stocks"