Recommendation Updates

Follow the latest news on active Turnaround Letter purchase recommendations.

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

Kraft Foods Outlook Announced

On January 17, 2012, Kraft Foods Inc. (NYSE: KFT) reported that strong fourth quarter sales will lead to strong fiscal 2011 results, consistent with the company's previous outlook. Net revenue for full year 2011 is expected to have grown approximately 10%. Organic Net Revenue is expected to increase approximately 6.5%, compared to a previous outlook of at least 6%, driven by mid-single-digit organic growth in North America and Europe, and double-digit organic growth in Developing Markets. Diluted earnings per share are expected to be at least $1.95. Operating EPS, which excludes acquisition-related costs, Integration Program costs and costs related to the spin-off of the North American Grocery business, is expected to be at least $2.28, including a negative $0.01 impact from currency in the fourth quarter. The previous outlook for Operating EPS was at least $2.27 excluding any potential impact from currency in the fourth quarter.

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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."