Recommendation Updates

Follow the latest news on active Turnaround Letter purchase recommendations.

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

Sysco Financials Announced

On February 6, 2012, Sysco Corporation (NYSE: SYY) announced financial results for its 13-week second fiscal quarter ending December 31, 2011. Sales were $10.2 billion, an increase of 9.2% from $9.4 billion in the second quarter of fiscal 2011. Operating income was $427 million, a decrease of 2.3%, compared to $437 million in last year's second quarter. Diluted earnings per share (EPS) were $0.43, which included a $0.03 negative impact from gross business transformation expenses. This was a decrease of 2.3% compared to last year's second quarter EPS of $0.44. Adjusted diluted EPS was $0.46, an increase of 2.2% compared to the prior year period. For the first half of fiscal 2012, sales were $20.8 billion, an increase of 8.9% from $19.1 billion in the first half of fiscal 2011; operating income was $936 million, a decrease of 0.7%, compared to $943 million in last year's first half. In the first half of fiscal 2012, adjusted diluted EPS was $1.02, an increase of 7.4% compared to the prior year period. Cash flow from operations was $539 million for the first half of fiscal 2012 compared to $283 million in the prior year. Capital expenditures totaled $207 million for the second quarter, including $33 million related to the company's business transformation project, and $434 million in the first half of the fiscal year which included $79 million for the business transformation project.

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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."