Recommendation Updates

Follow the latest news on active Turnaround Letter purchase recommendations.

Mid Cap / Healthcare Equipment & Services

Tenet Healthcare Offering Completed

On November 21, 2011, Tenet Healthcare Corporation (NYSE: THC) announced successful completion of its previously-announced private offering of $900 million aggregate principal amount of its 6.25% Senior Secured Notes due 2018. Tenet intends to use the net proceeds from the offering to fund the payment of the consideration for its previously-announced cash tender offer for any and all of the outstanding $714.012 million aggregate principal amount of its 9.0% Senior Secured Notes due 2015. In connection with the tender offer, Tenet is also soliciting consents for certain amendments to the related indenture governing the notes.

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Identify & Profit from Distressed Investing

Free Report: Turnaround Investing Mistakes

Turnaround Investing Blog

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.

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EV/EBITDA: What Is It & Why Are We Using It More?

In reading recent editions of The Turnaround Letter, you have probably noticed that we are increasingly using EV/EBITDA as a valuation measure, rather than the better-known price/earnings multiple.  We thought it might be useful to describe this measure and why we like it.

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Turnaround Letter Stock Pick Named Top Performer of 2017

 

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What Last Year's Top Stock Pickers Are Buying in 2018

 

This Forbes write-up follows up on the recent Top Stock Tips report--naming The Turnaround Letter's Crocs recommendation the top performer of 2017: With 90% gains, CROX beat out 100 other investment ideas included in the report; and the stock continues to have value investing appeal, according to Putnam.

 

George notes, "We see additional upside for the stock in 2018 as management's efforts continue to bear fruit, though the gains will likely be more muted than we saw in 2017."