Post-Bankruptcy Stocks

Stocks of public companies that have recently emerged from bankruptcy

ARTICLES

Number of Public Companies Shrinking?

Excerpted from the August 2016 Issue
There doesn’t seem to be much incentive to go public these days. This trend seems likely to continue. What is less clear is the impact: Do valuations increase for the remaining public companies as the supply diminishes? Will individual investors have less access to the best new companies? What will happen when interest rates rise and close off the spigot of cheap money driving private deals?
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Post-Bankruptcy Value Investing Opportunities

Most investors think of bankruptcy as bad. As a result, they tend to avoid the stocks of companies that have been through a U.S. Bankruptcy Court restructuring, but Chapter 11 can be very beneficial to a company and its post-bankruptcy stock.
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We expect to see bankruptcy activity increase away from the energy sector.

Mid-Year Corporate Bankruptcy Update

Excerpted from the July 2016 Issue
Energy-related companies dominated the filings, with ten of the fifteen largest bankruptcies coming from this capital-intensive industry. Similarly, over 80% of all $86 billion in assets entering bankruptcy were from energy-related companies.
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We expect to see bankruptcy activity increase away from the energy sector.

Mid-Year Bankruptcy Update: Sharp Increase in Filings Underway

Energy-related companies dominated the filings, with ten of the fifteen largest bankruptcies coming from this capital-intensive industry. Similarly, over 80% of all $86 billion in assets entering bankruptcy were from energy-related companies.
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DOCUMENTS AND FILES

Learn George Putnam's Turnaround Secrets

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Turnaround Investing Blog

Don't Make Too Much of Price History

It can be tempting to look at a depressed stock and think, “it used to trade at 40 and now it’s at 8 – therefore it must be a bargain.” Unfortunately, the fact that a stock once traded at a higher price does not guarantee that it will ever get back there. One big reason that a stock trades so much lower than before: its earnings potential or assets have deteriorated. Without some fundamental improvement, the share price will continue to lag, or worse. 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.