Large Cap / Food, Beverage, & Tobacco / Food & Staples Retailing
Sara Lee Agreement Announced
On December 12, 2011, Sara Lee Corp. (NYSE: SLE) announced an agreement to acquire CoffeeCompany, a leading Dutch café store operator where KRC Capital is a major shareholder. The transaction is expected to close in the next 30 days, pending final closing conditions. Sara Lee plans to retain the current management team of CoffeeCompany, which will integrate and run the combined network of 60 premium cafés with more than 7 million yearly consumer visits. The new combined café stores business will have a strong presence in premium downtown locations in major cities like Amsterdam, Rotterdam, Utrecht and The Hague.
Read More Purchase Recommendation Updates
Identify & Profit from Distressed Investing
Turnaround Investing Blog
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.
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.
Turnaround Letter Stock Pick Named Top Performer of 2017
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."
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