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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.

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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.

 

Download Your Sample Turnaround Letter
  • The Turnaround Letter's full year 2018 Closed Out stock picks
    produced profits averaging 67%.
  • The Turnaround Letter's Closed Out stock picks from 2010 through 2018
    produced profits averaging 65%.
  • The 3-year annualized return on The Turnaround Letter's monthly stock purchase recommendations was 20.97%, vs. the S&P 500's 14.02% (through 1/31/2019).
  • The 20-year annualized return on The Turnaround Letter's monthly stock purchase recommendations was 11.02%, vs. the S&P 500's 5.84% (through 1/31/2019).
  • A $10,000 investment in Turnaround Letter stock picks starting 20 years ago
    would be worth $80,900 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 11.02% annualized return (through 1/31/19) 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

February Recommendation

This month's purchase recommendation is a large-cap, well-capitalized company that has new management leading a turnaround. After being out-of-favor for years, this company has new leadership with strong operating experience. Backed by a strong balance sheet, our Buy recommendation should meaningfully improve its earning power and valuation. 

Learn More »

January Recommendation

This month's purchase recommendation is a small-cap services company that has an unusual niche in the energy and mining industries. Weak oil prices, some relatively minor operating issues and highly risk-averse year-end investor sentiment has pushed its shares to near-record lows. Yet the company’s business is more durable than it might appear, the management continues to improve its operations, and it is generating positive operating free cash flow. While its shares carry significant risk, we believe the considerable return potential more than offsets the risks.

Learn More »

 

Turnaround Investing Blog

Is there value in bankrupt PG&E’s stock?

In nearly every case, the shares of a company in bankruptcy become worthless. In very rare cases, however, they can become great investments. W.R. Grace (NYSE:GRA) shares produced a 75-fold return, as an example. With California utility PG&E (NYSE:PCG) now in bankruptcy, the range of possible outcomes for its equity is wide.

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. 

 

2018 Closed Out Stocks: Average 62% Gains