Recommendation Updates

Follow the latest news on active Turnaround Letter purchase recommendations.

Large Cap / Energy

Exxon Consolidation Update Issued

On December 21, 2011, Exxon Mobil Corporation (NYSE: XOM) announced that the Board of Directors is anticipated to approve the consolidation of ExxonMobil Fuels Marketing Company and ExxonMobil Lubricants & Petroleum Specialties Company into ExxonMobil Fuels, Lubricants & Specialties Marketing Company, effective February 1, 2012. It is expected that the Boad will appoint Mr. A. J. (Alan) Kelly, currently President, ExxonMobil Lubricants & Petroleum Specialties Company, as President of the consolidated company. Mr. Kelly, 54, was born in Iserlohn, Germany, and raised in the United Kingdom. He holds a Bachelor’s Degree from Bristol University in the U.K. Mr. Kelly began his career with the company in 1981. He held a variety of positions in the U.K., the Netherlands, Japan and the United States, working in areas including the company’s fuels and lubricants marketing activities, and refinery logistics and supply operations. In 2001, he was appointed Regional Director, North America, ExxonMobil Lubricants & Petroleum Specialties Company. Mr. Kelly became General Manager, Corporate Planning, Exxon Mobil Corporation, in 2003. In 2006 he commenced a special assignment as Project Director of the National Petroleum Council's Global Oil and Gas Study, commissioned by the U.S. Department of Energy. In 2007, the Board appointed Mr. Kelly as President of ExxonMobil Lubricants & Petroleum Specialties Company, and elected him a Vice President of the corporation.

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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."