Small Cap

Under $1 Billion


Sale of Wet Seal Stock Recommended

Now that Wet Seal has filed for Chapter 11 bankruptcy protection, the chance of any recovery for shareholders is extremely slim.
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Wet Seal Files Bankruptcy Protection

The Wet Seal (NASD: WTSL) announced that it has filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware on January 15, 2015.
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Wet Seal to Close 338 Stores; Receives Notice of Default

The Wet Seal (NASD: WTSL) announced that it was closing 338 retail stores effective on or about January 7, 2015.
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Layne Christensen Names Michael J. Caliel President and Chief Executive Officer

David A.B. Brown, CEO and Chairman of the Board of Layne Christensen Company (NASD: LAYN), announced today the appointment of Michael J. Caliel as President and Chief Executive Officer, and Member of the Board of Directors, effective January 2, 2015.
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Layne Christensen Operating Results Well Received by Shareholders

Layne Christensen Company (NASD: LAYN) reported quarterly results (preliminary results were released in late October) that showed revenues increased to $222.9 million from $202.0 million in Q3 FY 2014.
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Wet Seal Posts Operating Results at Low End of Expectations

The Wet Seal (NASD: WTSL) announced financial results for its fiscal third quarter ended November 1, 2014.
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Wet Seal Takes Step Closer to Bankruptcy

We noted in the October 2014 Turnaround Letter that Wet Seal (NASD: WSTL) was hanging on to a lifeline extended by private investors and that the shares had begun to take on an “option-like” character.
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Wet Seal Assembles Team to Assess Strategic/Financial Alternatives

The Wet Seal (NASD: WTSL) announced that it has assembled a team to identify and analyze potential strategic and financial alternatives.
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KEMET Withdraws Senior Secured Note Offering

KEMET (NYSE: KEM) announced that it has withdrawn its previously announced proposed private offering...
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Ply Gem’s Improved Operating Results Sparks Strong Rally

Ply Gem Holdings (NASD: PGEM) announced financial results for the quarter ended September 27, 2014 that included a net sales increase of $30.4 million or 7.5% to $437.8 million compared to $407.4 million for the third quarter of 2013.
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Distressed Investing Blog

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Looking for a Year-End Bounce: Stock Profit from Artificial Selling Pressures

Looking to cash in on timely tax loss selling and portfolio window dressing? These 10 year-end bounce stock picks represent the worst performers in the S&P 500 during calendar 2014, adjusted somewhat so that there is good diversification by industry group. Read More.

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TL Spotlight

George Putnam has always followed the same straight-forward and highly-profitable investment philosophy. He published his first Turnaround Letter issue back in 1986, and readers have seen extraordinary long-term stock profit ever since.


In fact, 12 of 2014's 13 closed-out purchase recommendations saw gains--with five of those enjoying total returns greater than 100%. The Turnaround Letter's average return for 2014's stock picks is +82%:


2014 Closed Out Purchase Recommendations

Value Stock Picks

* Calculation includes dividends and price changes between purchase recommendation and current price.


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