Small Cap

Under $1 Billion


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KEMET (NYSE: KEM) announced that it has withdrawn its previously announced proposed private offering...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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Bristow Group Top-Line Growth but Bottom-Line Slips; Management Expects Full-Year Gains

Bristow Group (NYSE: BRS) reported GAAP net income for the September 2014 quarter of $26.1 million, or $0.73 per diluted share, compared to net income of $110.6 million, or $3.01 per diluted share, in the same period a year ago.
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FairPoint Communications Continues Transition to New Services; Update on Union Contract Talks

FairPoint Communications (NYSE: FRP) announced financial results for the third quarter ended September 30, 2014.
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Kemet to Issue $400 million of Senior Secured Notes due 2019

KEMET (NYSE: KEM) announced that it intends to offer $400,000,000 aggregate principal amount of senior secured notes due 2019...
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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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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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