Recommendation Updates

Follow the latest news on active Turnaround Letter purchase recommendations.

Large Cap / Banks

Bank of America Consents Received

On December 8, 2011, Bank of America Corporation (NYSE: BAC) announced that, in connection with its consent solicitation for certain Preferred Hybrid Income Term Securities previously announced on December 1, 2011, it has received the requisite consents from the holders of a majority in principal amount of each of these outstanding series (collectively, the HITS): BAC Capital Trust XIII - Floating Rate Preferred Hybrid Income Term Securities ($700 million) and BAC Capital Trust - 5.63% Fixed to Floating Rate Preferred Hybrid Income Term ($850 million). As a result of receiving such requisite consents, the proposed amendments for the HITS were approved and the amendments to each trust will be executed and delivered, implementing the proposed amendments for the HITS contemplated by the consent solicitation.

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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


stock market advicex


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."