Post-Bankruptcy Stocks

Stocks of public companies that have recently emerged from bankruptcy

ARTICLES

We remain very cautious about high yield bonds.

High Yield Bonds: Cloudy Outlook for 2016

Last year at this time we urged caution in approaching high yield bonds. That caution proved well-founded as the asset class had a poor year.
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TCECQ Emerges

TransCoastal Plan Effective

TransCoastal's First Amended Joint Prepackaged Plan of Reorganization became effective, and the Company emerged from Chapter 11 protection.
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Further Uptick Predicted

2015 Bankruptcy Recap: 46% Increase Fueled by Oil & Gas/Mining Industry

Looking back at 2015, research reveals a 14% decline in overall business bankruptcies but a 46% uptick in public company Chapter 11 filings—with a striking 51% of those filings coming from the battered Oil & Gas/Mining sectors. Economic indicators point to further increases in corporate bankruptcy, in general, and Energy-related filings, in particular. Just a few days into 2016, this viewpoint has already been validated by Arch Coal's long-awaited $8 billion Chapter 11 filing—and continuing oil price plummets severe enough that OPEC will likely convene an emergency meeting to address "shattered" economies.
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DOCUMENTS AND FILES

George Putnam's Favorite Stocks for 2016

stock picks

Distressed Investing Blog

Distressed Investing Blog

Focus on Core Business Operations

Selecting a turnaround stock with solid profit potential can almost be considered an art form in itself. As noted in our other distressed investing blog entries there are many factors to evaluate to determine the real possibilities in any turnaround situation, and here is one more: Look for solid core businesses. Read More.

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so why should you trust The Turnaround Letter?

  • The Turnaround Letter's 15-year returns were 11.3%--vs. S&P's 4.4%
  • 30 Years of Turnaround Investing Experience & Reliable Stock Market Advice
  • 2016's Closed Out Purchase Recommendations Averaged 49% Stock Profit
  • Diverse Monthly Stock Picks Personally Selected by George Putnam

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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