This mid-cap has a strong balance sheet with essentially no debt, and cash flow remains strong. The company recently announced that it would devote some of its cash flow to increasing shareholder value with a $200 million stock repurchase program. We believe this stock pick has robust growth potential, and with its new leadership the value investing opportunity can take good advantage of that potential.
Cypress Semiconductor (NASDAQ: CY) introduced a new automotive capacitive touchscreen controller family that enables screen sizes up to 15-inches with industry-leading performance in harsh automotive environments.
Old Republic International (NYSE: ORI) reported that its Employees Savings & Stock Ownership Plan (“ESSOP”) planned to acquire up to 2,200,000 Old Republic common shares in open market purchases, as market conditions may warrant.
PennyMac Mortgage Investment Trust (NYSE: PMT) announced that its Board of Trustees has authorized a share repurchase program under which the Company may repurchase up to $150 million of its outstanding common shares of beneficial interest.
George Putnam has suceessfully invested in distressed companies for nearly 30 years and The Turnaround Letter's market-beating returns demonstrate the profit potential. He knows all the pitfalls, too--which he shares in this free report!
We believe that it is very important not to let the market volatility spook you into bailing out of stocks or taking other similar drastic action. While it may be painful to ride out a sharp downturn, that is the best strategy. The market will recover from any of these downdrafts, usually quite quickly.
Your Financial Security is Serious Business...
so why should you trust The Turnaround Letter?
Ranked as #1 Performing Newsletter for 15-Yr. Returns: Turnaround Letter's 12.3% vs. S&P's 2.2%
29+ Years of Turnaround Investing Experience & Reliable Stock Market Advice
Diverse Monthly Stock Picks Personally Selected by George Putnam
2015 Stock Profit
George Putnam's Turnaround Letter has enjoyed market-beating returns for nearly 30 years now and 2015 is no different: 10 of this year's 12 sale recommendations have seen increases--with four of those 100% or higher. Despite recent stock market turbulence, 2015's closed out stock picks have realized an average gain of 69% thus far.
The chart below reflects The Turnaround Letter's past five sale recommendations.