Recommendation Updates

Follow the latest news on active Turnaround Letter purchase recommendations.

Mid Cap / Energy

Portland General Project Terms Identified

On January 12, 2012, The Bonneville Power Administration and Portland General Electric (PGE) (NYSE: POR) announced that the parties have identified terms and conditions to be addressed in connection with their discussions concerning joint development of PGE's proposed Cascade Crossing Transmission Project. The terms and conditions include a broad range of technical studies, economic considerations and other work necessary for the parties to further evaluate the project and their scope of participation. PGE has proposed Cascade Crossing, a 500-kilovolt transmission line running from Boardman, Ore., to the Salem, Ore., area, to help meet Oregon's growing energy needs, enhance reliability of the electrical grid and allow for development of more renewable power projects to help meet the state's Renewable Portfolio Standard. The project would connect new and existing energy generating resources east of the Cascades to the Willamette Valley. PGE previously executed memorandums of understanding for discussion surrounding Cascade Crossing with PacifiCorp, Idaho Power and the Confederated Tribes of Warm Springs (CTWS). In order to build the project, PGE must obtain approvals from the CTWS, state and federal governments. PGE has submitted a Notice of Intent to apply for an Energy Facility Site Certificate from the Oregon Energy Facility Sitting Council and has applied to the federal government for right-of-way grants and special use authorization to cross federally managed lands.

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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."