Recommendation Updates

Follow the latest news on active Turnaround Letter purchase recommendations.

Mid Cap / Retailing / Software & Services / Technology Hardware, Equipment, & Services

RadioShack Dividend Details Released

On December 5, 2011, RadioShack (NYSE: RSH) released the following statement to holders of its 2.50% Convertible Senior Notes due 2013: On December 15, 2011, the Company will pay a regular annual cash dividend of $0.50 per share to the holders of the Company’s common stock as of the November 25, 2011, record date. The dividend will exceed the dividend threshold set forth in Section 15.02(d) of the Indenture by $0.25. Accordingly, payment of the dividend will constitute a conversion rate adjustment event, pursuant to Section 11(r) of the Master Confirmation for Convertible Bond Hedge. The new conversion rate will be 42.0746 effective immediately after the opening of business on November 22, 2011.

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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."