Recommendation Updates

Follow the latest news on active Turnaround Letter purchase recommendations.

Small Cap / Consumer Durables & Apparel / Retailing

Wet Seal Sales Reported

On December 1, 2011, The Wet Seal, Inc. (Nasdaq: WTSLA) reported net sales and comparable store sales for the four-week period ended November 26, 2011, or fiscal November, as follows. The Wet Seal reported net sales of $43.8 million, up 2.5% from the same period last year. Susan McGalla, Chief Executive Officer of The Wet Seal, Inc., commented, "At Wet Seal, a low single-digit comparable store sales decrease on Black Friday beat expectations, as we were comparing against our highly aggressive promotions last year. We attribute our sales performance to improved product and compelling promotional strategies executed for the Thanksgiving weekend and throughout November designed to balance sales growth with margin quality. This strategy also led to improved merchandise margin for the month that benefited from a significantly improved margin over the holiday weekend.”

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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."