Recommendation Updates

Follow the latest news on active Turnaround Letter purchase recommendations.

Large Cap / Automobiles & Components / Transportation

Ford Sales Reported

On January 4, 2012, Ford (NYSE: F) brand 2011 U.S. sales increased 17%, totaling 2,062,915 vehicles. Total Ford Motor Company sales for the year increased to 2,148,806 vehicles, up 11% for the year. Small car, utilities and truck sales drove Ford’s marketplace performance in 2011. Small car sales were up 25% in 2011 with 244,291 cars sold. Ford Fusion had a record year with 248,067 vehicles sold. Ford brand utility sales totaled 579,626 vehicles in 2011, up 31%, making it the best-selling utility brand in America. Sales were paced by the Explorer, up 124%, with 135,704 sold, and record Escape sales of 254,293, up 33% for the year. In December, Ford brand sales were 201,737, up 16% from a year earlier. For 2012, Ford expects the global economy to expand in the 3% range. Global industry sales are projected to be in the range of 75 million to 85 million. In the U.S., Ford expects the economy to expand 2 to 3% in 2012 and industry sales to be in the range of 13.5 million to 14.5 million. Economies in Europe are tracking at different speeds. Ford expects industry sales in the European 19 markets to be in the range of 14.0 million to 15.0 million units in 2012.

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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."