Previous

FTI Consulting, Inc., our Sale Recommendation for August 2018, generated a 96% return for our subscribers.

"Over the last 20 years, according to my firm’s performance tracking, the Turnaround Letter has produced a 10.4% annualized return, versus 6.8% for the Wilshire 5000 index’s W5000." - Mark Hulbert, MarketWatch

The Turnaround Letter's return on stock purchase recommendations over the past 15 years (through 7/31/18) was 12.2%—vs. the S&P's 9.2%.

The contrarian rational is that investors overreact in the face of bad news. This gives turnaround stocks plenty of rebound potential even when their profit picture proves mediocre.

The Turnaround Letter sale recommendations returns have averaged 62% in 2018.

"By focusing on out-of-favor companies, his flagship publication, The Turnaround Letter, has achieved enormous success for its subscribers." ~Barron's

The 2018 Turnaround Letter's portfolio has returned 40% over the last 12 months.

"Old fashioned common sense is always worth the price." ~Subscriber Richard S.

"Are you a contrarian—someone who can see value in stocks that no one else likes? If so,The Turnaround Letter is your baby." ~Kiplinger Personal Finance

The Turnaround Letter focuses on out-of-favor companies with real value that are undergoing significant positive change.

Next

Investing with The Turnaround Letter

The Turnaround Letter is a monthly newsletter that makes money for its subscribers by providing investment insight, advice and stock purchase recommendations. Written for more than 30 years by George Putnam, III, The Turnaround Letter has had the longevity and proven track record necessary to gain the confidence of thousands of investors and industry experts.

Sample Newsletter

  • The Turnaround Letter's full year 2017 through 2018 (through 7/31/18) closed out stock picks gained an average of 62% to date.
  • The Turnaround Letter's closed out stock picks from 2003 through 2018 have gained an average of 53% (through 7/31/18).
  • The 15-year annualized return on The Turnaround Letter's monthly stock purchase recommendations is 12.19%, vs. the S&P 500's 9.17% (through 7/31/18).
  • Since inception, the annualized return on The Turnaround Letter's monthly stock purchase recommendations is 12.7% (through 7/31/18).
  • A $10,000 investment in Turnaround Letter stock picks 15 years ago would be worth just under $60,000 today. 

With your subscription you'll receive George’s exclusive "Pick of the Month" along with articles highlighting stocks that have great turnaround potential. You’ll also gain access to the entire online archive of Turnaround Letter issues, picks and industry insights.

Meet George Putnam

George Putnam’s Advice for Buying Turnaround Stocks

A graduate of both Harvard Law School and Harvard Business School, George first became involved with distressed securities as a corporate bankruptcy attorney in the late 1970's. Later he founded New Generation Research, Inc. and started publishing The Turnaround Letter in 1986.

The 12.19% annualized return (through 7/31/18) on his Turnaround Letter stock recommendations over the last 15 years makes The Turnaround Letter one of the top-performing investment newsletters for that period of the approximately 200 on the market today. Putnam has been recognized as USA Today's "Investment Advisor of the Year" and is frequently quoted in numerous financial publications and news outlets including the following:

Click the logos below to see George in the news:

  • Market Watch's Reports on George Putnam’s Turnaround Stocks
  • MarketWrap on George Putnam’s ESG Stock Picks
  • Bottom Line Inc Reports on George Putnam’s Turnaround Stocks
  • Kiplinger Reports on George Putnam’s Turnaround Stocks
  • MoneyLife Radio
  • Money Show Reports on George Putnam’s Turnaround Stocks
  • Financial Exchange

George's Stock Picks

October Recommendation

This month's purchase recommendation is an industrial company that has fallen out-of-favor with investors due primarily to operational problems, along with some macro concerns. The company has the leading market share in its industry, along with assets which have considerable but obscured value. A well-chosen new CEO appears highly capable of solving its operational issues and leading the company.  

Learn More »

September Recommendation

This month's purchase recommendation is a company that has grown by acquisitions that have then not been integrated well. The shares have declined sharply in the past three years. With several new board members (including one backed by an activist) and new company leadership, the company is starting to unlock the substantial value trapped in its asset base and improve its operating margins. With the company’s high debt level, its shares are not without risk. However, the catalysts plus a favorable secular tailwind give the shares more than enough upside to offset the risks.

Learn More »

 

Turnaround Investing Blog

Amazon = US GDP 1970

Amazon joined Apple in reaching a $1 trillion market capitalization. $1 trillion is about the same as the total value of New York City property and the total value of loans at JP Morgan, the nation’s largest bank in terms of assets. Jeff Bezos’ $160 billion stake would place him (personally) as the #33 largest company in the S&P 500 in terms of market cap, next to Coca-Cola, Disney and Netflix. We aren’t bold enough to predict whether the shares will continue upwards or if they are in a bubble reaching maximum inflation. Setting aside for a moment their investment prospects, let’s admire the truly remarkable milestone that these two companies have reached. Read More.

Investing in Post-Bankruptcy Stocks


Post-bankruptcy stocks represent an interesting investing sector because they operate in such an inefficient niche and often move independent of the overall market. Even though many companies take advantage of the Chapter 11 process to reshape their businesses and balance sheets to emerge as a stronger and more competitive entity, investors are often biased against post-bankruptcy situations because of their troubled past.   Learn more.

2018 Closed Out Stocks: Average 62% Gains