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ARTICLES

In Vote of Confidence, Caterpillar Maintains Dividend Rate

The Board of Directors of Caterpillar (NYSE: CAT) voted to maintain the quarterly cash dividend of seventy-seven cents ($0.77) per share of common stock, payable May 20, 2016, to stockholders of record at the close of business on April 25, 2016.
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Freeport-McMoRan Announces New Organizational Structure for Oil & Gas Division

Freeport-McMoRan (NYSE: FCX) announced a new organizational structure for its subsidiary Freeport-McMoRan Oil & Gas (FM O&G). The changes are being undertaken to reduce costs, streamline functions and to enhance capital allocation across FCX’s global business in a manner consistent with FCX’s debt reduction initiatives.
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If you like to speculate in low-priced stocks, we suggest these five value investing opportunities.

Low-Priced Stock Volatility: Buyer Beware

Over the past two months we have seen an unusual amount of volatility in some of the lower-priced energy, natural resources and metals stocks. What is causing this volatility? Some of it may be related to “short covering” by hedge funds and others--and some investors may be placing wishful bets on a recovery in natural resource prices.
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Rio Tinto's New CEO Looks Like A Good Choice

Commodity metals producer Rio Tinto (NYSE: RIO) announced that Jean-Sébastien Jacques, 44, a four-year Rio veteran and head of the copper and coal unit, will become CEO in July and join the board immediately.
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When to Buy Bonds Instead of Stock

Excerpted from the March 2016 Issue
The key to deciding where to invest in a company’s capital structure--as with any investment decision--is evaluating risk and potential reward. Unfortunately, however, one of the fundamental rules of investing is that bigger rewards (higher returns) almost always come with higher risks...and vice versa. This is key for anyone deciding the most prudent investment strategy when it comes to distressed securities.
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Both bonds and stocks have good upside potential with these investing opportunities.

When to Buy Bonds Instead of Stock

The key to deciding where to invest in a company’s capital structure--as with any investment decision--is evaluating risk and potential reward. Unfortunately, however, one of the fundamental rules of investing is that bigger rewards (higher returns) almost always come with higher risks...and vice versa. This is key for anyone deciding the most prudent investment strategy when it comes to distressed securities.
Read More
MHRC Amends Joint Restructuring

Magnum Hunter Resources Plan Filed

Magnum Hunter Resources filed with the U.S. Bankruptcy Court a First Amended Joint Chapter 11 Plan of Reorganization and related Disclosure Statement.
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George Putnam's Favorite Stocks for 2016

stock picks

Distressed Investing Blog

Distressed Investing Blog

Traditional Retailers: Will Brick-and-Mortar Stores Disappear?

Our answer is “No, at least not for many decades,” but many investors appear to disagree. When some retailers posted disappointing results last autumn, many retail stocks dropped 40-50% from highs set only a few months earlier. Read More.

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  • The Turnaround Letter's 15-year returns were 11.0%--vs. S&P's 2.9%
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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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