Large Cap / Diversified Financials
GE Agreement Signed
On January 30, 2012, GE Oil & Gas (NYSE: GE) announced that it signed an enterprise framework agreement to supply compressors and associated services for Shell’s projects worldwide over the next six years. Under the agreement, Shell will have access to GE’s most advanced, high-tech compressor technology for deployment in Shell’s key projects in high-growth regions, including Australia, West Africa, Russia and the Caspian region and Canada. The agreement includes the supply of centrifugal compressors for the following key market segments: liquefied natural gas services, natural gas, refining and petrochemical applications. GE also has recently announced it will supply two steam turbine-driven compressors for the Shell Prelude Floating Liquefied Natural Gas project offshore Australia--which will be the largest floating offshore facility in the world.
Read More Purchase Recommendation Updates
Identify & Profit from Distressed Investing
Turnaround Investing Blog
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.
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.
Turnaround Letter Stock Pick Named Top Performer of 2017
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."
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