Chemicals; Construction Materials; Containers & Packaging; Metals & Mining; Paper & Forest Products


Freeport-McMoRan Reports Weak Results and Management Rolls Back Expectations

Freeport-McMoRan (NYSE: FCX) reported net loss attributable to common stock of $2.9 billion, $2.75 per share, for fourth-quarter 2014 and $1.3 billion, $1.26 per share, for the year 2014, compared with net income of $707 million, $0.68 per share, for fourth-quarter 2013 and $2.7 billion, $2.64 per share, for the year 2013.
Read More

Freeport-McMoRan Announces Results of Offer to Purchase Senior Notes

Freeport-McMoRan (NYSE: FCX) announced that as of 5:00 p.m., New York City time, on December 4, 2014, pursuant to the cash tender offer by its subsidiary, Freeport-McMoRan Oil & Gas LLC, the Company has received tenders of $1.66 billion aggregate principal amount of outstanding notes and accepted $1.14 billion aggregate principal amount of the Notes for total aggregate consideration of $1.26 billion.
Read More

Your Financial Security is Serious Business...

so why should you trust The Turnaround Letter?

  • Ranked Among Top-2 for 15-Yr. Returns: Turnaround Letter's 12.1% vs. S&P's 2.5%
  • 28+ Years of Turnaround Investing Experience & Reliable Stock Market Advice
  • Diverse Monthly Stock Picks Personally Selected by George Putnam

Distressed Investing Blog

Distressed Investing Blog

Mutual Funds Offer Ready-Made Diversification

While we normally focus on individual stocks, from time to time we like to look at mutual funds that focus on turnarounds. Mutual funds can be attractive for many investors because a single fund can provide fairly broad diversification across a large number of stocks. There will be years that large, mainstream stocks will perform badly, and that's when contrarian funds like these can really shine. Read More.

Turnaround Stock Strategies

stock market advice

stock market advice

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.


Learn more.