Mid Cap

$1 Billion to $10 Billion

ARTICLES

SeaWorld’s 2Q16: Reduced Earnings Guidance Masks Improvements Elsewhere

Marine theme park company SeaWorld Entertainment (NYSE: SEAS) reported disappointing revenues and earnings for 2Q16 and lowered its Ebitda guidance for the full year, led by weak Florida revenues. Attendance and operating improvements in other markets are encouraging. To conserve cash, SeaWorld will likely cut its dividend.
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This company's stock doesn't need a turnaround but it is valued as if it does.

Purchase Recommendation - August 2016

This automotive mid-cap's shares are among the cheapest in the market. The company has a relatively low level of debt, will likely produce over $400 million of free cash flow this year and is growing its organic revenues at a 4% annual rate. We think the wheels will keep rolling with this high-quality company, and when investors recognize that, the stock price should move up nicely.
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News Notes & Updates - June 2016

Two of our recommended value stocks have been quite volatile over the past month as short-term investors jump in and out of the stocks based on the latest news.
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This mid-cap's shares trade at 14.9x a depressed 2017 estimated earnings of $0.59/share.

Purchase Recommendation - May 2016

With a successful turnaround, we would expect to see considerably higher earnings and cash flows, along with higher multiples for this retail stock pick; and a private equity firm has a $14.50 conversion price on its preferred stock, which further incentivizes management and board to produce shareholder value.
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Learn George Putnam's Turnaround Secrets

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Turnaround Investing Blog

Turnaround Investing Blog

Don't Make Too Much of Price History

It can be tempting to look at a depressed stock and think, “it used to trade at 40 and now it’s at 8 – therefore it must be a bargain.” Unfortunately, the fact that a stock once traded at a higher price does not guarantee that it will ever get back there. One big reason that a stock trades so much lower than before: its earnings potential or assets have deteriorated. Without some fundamental improvement, the share price will continue to lag, or worse. 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:

* Bristow remains an our active purchase recommendation, currently as a "Hold," and 1,928% stock profit is as of 8/11/16.

Retail Turnaround Trio

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MoneyShow.com interviewed George to learn more about his favorite value stock picks for today's market. In "Retail Turnaround Trio," Steve Halpern 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. Starting the middle of 2015, investors just moved away from retailers en masse and a number of them are trading at about half the level they were a year ago. We thought some of the higher quality names that definitely will be survivors looked interesting."

 

Learn more about these three retail stocks poised for a turnaround.