Recommendation Updates

Follow the latest news on active Turnaround Letter purchase recommendations.

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

Campbell Soup Executive Change Announced

On January 6, 2012, Campbell Soup Company (NYSE:CPB) announced the appointment of Mark Alexander as President – Campbell North America. Alexander, 47, will lead the division of the company that includes Campbell’s North America Soup, Sauces and Beverages business, Campbell Canada, and Campbell’s North America Food Service business, which collectively account for approximately $4.6 billion in annual revenue. His appointment is effective Jan. 16, 2012. Since joining Campbell in 1989, Alexander has held marketing, sales and management roles in the U.S., Canada, Europe, Asia and Australia. Before assuming his current role as President – Campbell International, with responsibility for the company’s businesses in Asia Pacific, Europe and Latin America, Alexander served as Chief Customer Officer and President – North America Baking and Snacking. During his tenure as President – Asia Pacific from 2006 through 2009, Campbell’s businesses in the region consistently delivered strong results. Alexander was elected a corporate officer of Campbell in 2009, and is a member of both the company’s leadership team and operating committee. He earned his Bachelor of Arts degree in economics and political science from Queen’s University in Canada. In his new position, Alexander will succeed Sean Connolly, who is leaving Campbell to join Sara Lee Corp. (NYSE: SLE) as Chief Executive Officer of its North American Retail and Foodservice business, and will serve as C.E.O. of Sara Lee’s North American Meats business following that company’s planned spinoff of its international coffee and tea business.

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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."