What the Experts Say about The Turnaround Letter

 

George Putnam puts his 27+ years of trustworthy investment experience and proven track record of double-digit investment returns to work for the benefit of Turnaround Letter readers—identifying well diversified, quality stock picks on the brink of a turnaround.

Here’s what the experts think of George Putnam and The Turnaround Letter’s easy-to-implement strategy for long-term stock market success:

 

“For almost three decades, George Putnam has been finding value at the bottom with hisTurnaround Letter.”

- Steven Halpern, MoneyShow.com

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“You say that you don’t simply follow the herd—that you are willing to buy when the blood is running in the streets. Well, now’s your chance….It turns out that a given year’s worst performers often turn around and become some of the next year’s best performers….To be sure, it doesn’t always work out this perfectly—that one year’s worst becomes the subsequent year’s best. But the pattern works out sufficiently often to make it worth our while to pick through each year’s rubble to find the gems worth buying. One adviser who does that every December is George Putman, editor of an advisory service called The Turnaround Letter. Bank of America was one of the stocks he highlighted a year ago in his listing of ‘2011 Pariahs,’ and indeed it was the only stock on that list that Putnam then owned in his model portfolio. As Putnam wrote at the time: ‘Investment sentiment can change rapidly, and even a slight lifting of the gloom surrounding BofA could cause the stock to pop.’ An 89% year to date gain surely qualifies as a ‘pop.’

- Mark Hulbert, MarketWatch

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“When it comes to profiting from other people’s problems, there’s no place like Wall Street. And, in recent months, there’s been no analyst like George Putnam when it comes to telling people how to do it.”

- Susan, Antilla, The New York Times

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“For 21 years, George Putnam III has trained his sights on one of the more obscure areas of investing: turnaround situations and bankruptcies. By focusing on out-of-favor companies, his flagship publication, The Turnaround Letter, has achieved enormous success for its subscribers. For the five years through September, ideas in the newsletter generated average annual returns of 25.3%, versus 13.3% for the Wilshire 5000 index. For the past decade, they gained 17.1%, compared with an average annual 7.1% for their benchmark. Clearly, this grandson of the founder of Putnam Investments knows a thing or two about investing.”

- Sandara Ward, Barron’s

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Bargain Hunters who like out of favor stocks with good prospects should look at The Turnaround Letter....Are you a contrarian—someone who can see value in stocks that no one else likes? If so, The Turnaround Letter is your baby.”

- Steven D. Goldberg, Kiplinger Personal Finance

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“Yes, you read that right. Believe it or not, even over periods that contain one or more severe bear markets, you can still be a top long-term performer by focusing on picking stocks rather than on timing the market….[A]dvisers who remain fully invested are dominating my longer-term performance rankings. Consider the last 15 years, a period that you wouldn’t think of as being a particularly good one in which to showcase the advantages of staying fully invested.” [Note: The Turnaround Letter ranked among the Top-5 Advisers in Hulbert Financial Digest’s 15-year performance ranking with a 10.4% annualized return rate. The Wilshire 5000 total-return index gained 5.2% annualized during this same period].

- Mark Hulbert, MarketWatch

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[Putnam is] one of my two favorite value fund managers for the past decade….Down here, the [FelCor Lodging Trust (FCH)] stock looks attractive to George Putnam, a value investor who writes The Turnaround Letter, which places third for 20-year results, posting 11.6% annualized gains.”

- Michael Brush, MSN Money

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"Despite the high risk, this newsletter nevertheless has managed to beat the stock market--thereby beating the odds that high-risk strategies will eventually stumble badly."

- Mark Hulbert, MarketWatch

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“Putnam’s selection for our 2012 Top Picks stock-picking contest was OfficeMax (OMX), and between his recommendation in January 2012 and when we tallied up the results at the end of the year, the stock more than doubled, handing our readers 110% gains. This year, he seems about to do it again. His Top Pick for 2013, MGIC Investment Corp. (MTG), is already up 165% year-to-date. If it can preserve those gains, MTG stands a very good chance of making Putnam our top stock picker two years in a row.”

- Chloe Lutts Jensen, Dick Davis Investment Digest

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It takes a gutsy investor to buy a stock when it’s down and the bad news about the company shows little sign of abating. But such bottom-fishing can be enormously profitable if you’re right about the long-term prospects of an outfit for which the here-and-now crowd on Wall Street has no patience. Take the Turnaround Letter, for example. Buying out-of-favor stocks has made it one of the best-performing investment newsletters in the business, returning an annualized 21.2% for the five years ended November 30, compared with just 11.2% for the broad market, as measured by the Standard & Poor’s 500 index.”

- Anne Kates Smith, Kiplinger Personal Finance

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“The market may be murky, but one top-performing letter is fully invested regardless—and its success is particularly striking because its predicated on the assumption that things will get better….Turnaround [Letter]’s [George] Putnam eschews macro comments. But looking at his specific stock selections, it seems clear that he doesn’t think the world is coming to an end. And these days, that’s something to be thankful for.”

- Peter Brimelow, MarketWatch

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“[2012’s] best performer (by far) is office superstore chain OfficeMax (OMX), which has more than doubled in price year-to-date. OMX was picked by George Putnam III, editor of The Turnaround Letter. As you can tell from its name, his newsletter focuses on turnaround situations, and [Putnam] clearly has skill at selecting promising rebound candidates from a field of beaten-down stocks, many of which may never recover.”

- Chloe Lutts Jensen, Dick Davis Investment Digest

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“…I like to feature the stock picks of the unsung heroes of investing—stock newsletter writers—for a simple reason. Stock letter writers aren't as glamorous as high-profile hedge fund managers who jet around in private planes. But they deliver results, and that's what matters…..The lion's share of those gains came from two picks apiece from two of my favorite value managers for the past decade: George Putnam of The Turnaround Letter (his picks were up 74.4%)…”

- Michael Brush, MSN Money

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“Fortunately, the news isn’t all bad. Some of the advisers monitored by the Hulbert Financial Digest have done very well, thank you, despite the mediocre environment over the last 14 years.....Assuming the next decade will not be materially different than the last 14 years, it will be more important than ever to follow a good adviser. Handsome returns in the stock market will be achievable—but they will be harder to come by, since the market itself will not be providing as hospitable an environment as was the case for most of the last century.”

- Mark Hulbert, MarketWatch (After naming The Turnaround Letter top stock adviser since March 2000)

 

 

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Profit from The Turnaround Letter's...

  • Market-Beating Investment Results
  • 27+ Years of Turnaround Experience
  • Diverse Stock Picks for Today's Unpredictable Market

Distressed Investing Blog

Distressed Investing Blog

Buy & Hold: The Turnaround Letter's Time-Tested Investing Strategy

Since publishing our first issue back in 1986, we’ve always recommended investors exercise patience. "Beware an Itchy Trigger Finger" identified ten stock picks with particularly promising long-term potential--and they all had the added bonus of paying dividends over 3% to further reward investor patience. Given our contrarian slant, each of these stocks was also generally out of favor with mainstream investors at the time of recommendation--adding value stock appeal. Read More.

Free Stock Report

 

Put George Putnam's 27+ years of market-beating, contrarian investing advice to work for you, and give your portfolio a boost with this FREE stock report.

Current Total Returns

 

Value Stock Profit

Total returns cover the fulll year 2013.

Note: Returns are not adjusted for inflation.

 

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Sample Issue

TL Spotlight

 

Value Stock Picks

 

MoneyShow.com named George's stock pick top performer for all of 2013 and shared this feature interview to update investors on MTG's status and highlight select year-end bounce candidates.

 

Learn more.