Mid Cap

$1 Billion to $10 Billion

ARTICLES

SeaWorld Suspends Dividend, Helps Bolster Financial Position

Theme park company SeaWorld Entertainment (NYSE: SEAS) will suspend its dividend after paying a final $.10/share dividend in October. While disappointing as it removes a source of immediate cash return to investors, it helps bolster the company’s financial position on its way to recovery.
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BorgWarner Outlines Solid Future At Its Investor Day

Automotive components maker BorgWarner (NYSE: BWA) held an Investor Day on September 7th, and outlined how it is well-positioned for profitable growth over the next seven years including strong participation in the rapidly-growing market for hybrid and electric vehicles.
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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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Learn George Putnam's Turnaround Secrets

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Turnaround Investing Blog

Turnaround Investing Blog

Patience May Be A Virtue--But Know When It's Time to Move On

There is no easy way to determine how much patience is appropriate; but if your turnaround is well into its fourth year without meaningful progress, it could be time to move on. 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.