Recommendation Updates

Follow the latest news on active Turnaround Letter purchase recommendations.

Large Cap / Transportation

Carnival Safety Audit Announced

On January 19, 2012, Carnival Corporation & plc (NYSE: CCL) announced a comprehensive audit and review of all safety and emergency response procedures across all of the company’s cruise lines. The review is being led by Captain James Hunn, a retired U.S. Navy Captain and currently the company’s Senior Vice President of Maritime Policy & Compliance. Following a 32-year career in the Navy, Hunn has held senior positions at Carnival Corporation & plc for nearly a decade, focusing on corporate-wide efforts to establish maritime policy standards, while overseeing the company’s health, environmental, safety, and security practices. Hunn and senior health and safety executives from each of the lines will review all safety and emergency response policies and procedures, officer and crew training and evaluation, bridge management and company-wide response and support efforts. Hunn will report to the Health, Environment, Safety & Security Committee of the Board, and to Howard Frank, Vice Chairman and Chief Operations Officer of Carnival Corporation & plc. In addition, the Health, Environment, Safety & Security Committee is engaging outside industry-leading experts in the fields of emergency response organization, training and implementation to conduct an audit of all of the company’s emergency response and safety procedures and to conduct a thorough review of the Costa Concordia accident. Carnival Corporation & plc also supports the call for a comprehensive evaluation of safety regulations by the International Maritime Organization, which was requested by the Cruise Lines International Association.

Read More Purchase Recommendation Updates

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.

Read More.

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.

Read More.

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."