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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.
- The Turnaround Letter's full year 2017 through 2018 (to date) closed out stock picks gained an average of 43% to date (through 4/30/18).
- The Turnaround Letter's closed out stock picks from 2003 through 2018 have gained an average of 62% (through 4/30/18).
- The 15-year annualized return on The Turnaround Letter's monthly stock purchase recommendations is 13%, vs. the S&P 500's 10.3% (through 4/30/18).
- Since inception, the annualized return on The Turnaround Letter's monthly stock purchase recommendations is 12.4% (through 4/30/18).
- A $10,000 investment in Turnaround Letter stock picks 15 years ago would be worth nearly $67,000 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
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 13.5% annualized return (through 3/31/18) 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:
George's Stock Picks
Debt financing that seemed reasonable prior to the 2009 financial crisis became a millstone in its aftermath. The high interest payments and tight bond covenants severely limited this company's ability to build new homes. A recent debt refinancing should provide considerable financial flexibility. We view value stock as a recovering homebuilder with a poor but improving balance sheet.
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Despite the impressive new management, Lafarge’s shares fell sharply. This value stock's shares trade at a relatively modest valuation of 8x current year EBITDA. Although waiting for a five-year plan to unfold may seem as dull as watching cement dry, the shares pay an appealing 3.7% yield and should provide rock solid gains when the recovery is completed. This Swiss-based, large-cap manufacturing company is this month's stock pick.
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Turnaround Investing Blog
At first glance, the shares have decent appeal as a turnaround investment. Looking deeper, however, the fundamentals are not as strong and stable as they appear. Surplus cash flow is tight, a key driver is weakening, it is increasingly reliant on China and has other nagging issues. We don’t see the new CEO as a catalyst for change. Despite the “first glance appeal”, Tupperware isn’t a good fit as a turnaround stock.
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.
2017-18 (to Date) Closed Out Stocks Avg. 43% Gains
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