Recommendation Updates

Follow the latest news on active Turnaround Letter purchase recommendations.

Large Cap / Energy

Exxon Financials Released

On January 31, 2012, Exxon Mobil Corporation (NYSE: XOM) announced estimated fourth quarter and full-year 2011 results. Fourth quarter earnings of $9.4 billion were up 2% from the fourth quarter of 2010. Earnings per share (assuming dilution) were $1.97, an increase of 6% from the fourth quarter of 2010. Corporate and financing expenses were $397 million, down $50 million from the same period in 2010. Full year 2011 earnings were $41.1 billion, up 35% from 2010, reflecting higher crude oil and natural gas realizations, improved refining and chemical margins and gains on asset sales. Earnings per share (assuming dilution) increased 35% to $8.42. Capital and exploration expenditures were a record $36.8 billion in 2011.

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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


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."