Recommendation Updates

Follow the latest news on active Turnaround Letter purchase recommendations.

Large Cap / Telecommunication Services

Sprint Early Retirement Announced

On November 29, 2011, Sprint Nextel (NYSE: S) announced the early retirement of first quarter 2012 debt maturities with an aggregate principal balance of $2.25 billion. The securities comprising the $2.25 billion of debt retirements are $250 million of Sprint’s $750 million Export Development Canada Facility and $2 billion of Sprint Capital Corporation 8.375% Notes due 2012. The Export Development Canada Facility was prepaid at par on Nov. 23, 2011. The Sprint Capital Corporation 8.375% Notes due 2012 have been elected to be redeemed in full on Dec. 29, 2011, under optional redemption provision. These securities represent all of our scheduled note and loan maturities for 2012.

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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."