Recommendation Updates

Follow the latest news on active Turnaround Letter purchase recommendations.

Large Cap / Food, Beverage, & Tobacco / Food & Staples Retailing

Sara Lee Executive Change Announced

On January 6, 2012, Sara Lee Corp. (NYSE: SLE) announced that it has appointed Sean Connolly as Chief Executive Officer of its North American Retail and Foodservice business, effective January 17, 2012. Connolly will serve as Chief Executive Officer of MeatCo (Sara Lee’s North American Meats business) following the spin-off of its International Coffee and Tea business, expected to be completed in the second calendar quarter of 2012. Connolly, 46, will join Sara Lee from the Campbell Soup Company where he currently serves as President of Campbell North America. Prior to this position, he served as president, Campbell USA and president, North American Foodservice. Under his leadership, Campbell's core condensed soup business grew sales and profit after years of decline, and the V8 Beverage business experienced significant, innovation-driven growth. Connolly joined Campbell in 2002 as vice president, Food Brands. Before joining Campbell, Connolly served in various marketing and brand management roles at Procter & Gamble for a decade. He earned his B.A. degree in economics from Vanderbilt University, and his M.B.A. degree in general management from the University of Texas at Austin. Connolly succeeds Marcel Smits, Chief Executive Officer, Sara Lee Corp., who assumed responsibilities for leading the North American business in September 2011 until a permanent leader was named.

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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."