Recommendation Updates

Follow the latest news on active Turnaround Letter purchase recommendations.

Small Cap / Commercial & Professional Services / Consumer Services

Presstek Executive Changes Announced

On February 1, 2012, Presstek, Inc. (NASDAQ: PRST) announced changes in the company’s executive management. The Board of Directors elected Stanley E. Freimuth as Chairman, President and Chief Executive Officer, effective February 13, 2012. Freimuth replaces Jeffrey Jacobson, who is leaving the company to accept a new position. Mr. Freimuth, 65, spent nearly 25 years with the global imaging giant, Fujifilm, where he initially ran the company’s U.S. graphic systems business for 17 years and went on to serve as Chief Operating Officer and Senior Executive Vice President and Chief Administrative Officer, with responsibility for all Fujifilm businesses in the U.S. In this role he was instrumental in leading the company's successful strategy to transition from an analog to digital business model. Mr. Freimuth has been a valued member of the Presstek Board of Directors since 2009. He has also served as Chairman of the Board of the Association for Suppliers of Printing, Publishing and Converting Technologies (NPES) and as Chairman of the Graphic Arts Show Company. He is a recipient of both the Franklin Award from the Association of Graphic Communications and the Harold W. Gegenheimer Award from NPES. Presstek also today announced that its Board of Directors appointed Arnon Dror Vice President, Chief Financial Officer and Treasurer, effective February 9, 2012. Mr. Dror replaces Jeffrey A. Cook, who is leaving the Company to accept a new position. Mr. Dror, 46, comes to the Company with a broad range of financial, operations and industry experience. He most recently served as Director of Worldwide Channel Management for Eastman Kodak Company and has held several other executive level operations positions at Kodak. He previously served as Vice President-Finance for Creo, Inc.

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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."