Mid Cap

$1 Billion to $10 Billion

ARTICLES

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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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George Putnam's Favorite Stocks for 2016

stock picks

Turnaround Investing Blog

Turnaround Investing Blog

Watch Headlines for Turnaround Stock Opportunities

Negative media headlines can be a great source of turnaround ideas. Stories about struggling companies, management turmoil, failed strategies, large financial losses, industrial accidents, lawsuits and the like can drive a stock to well-below reasonable levels and may provide a buying opportunity. Like all Wall Street axioms, however, “buy on bad news” must be accompanied by careful analysis to evaluate the potential for turnaround success. Read More.

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  • The Turnaround Letter's 15+-year returns were 11.2%--vs. S&P's 5.1%
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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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