Recommendation Updates

Follow the latest news on active Turnaround Letter purchase recommendations.

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

Coca-Cola Financials Announced

On February 7, 2012, Coca-Cola (NYSE: KO) announced full-year and fourth quarter 2011 financial results. Full-year reported net revenues grew 33% and comparable currency neutral net revenues grew 29%. Fourth quarter 2011 reported net revenues grew 5% and comparable currency neutral net revenues grew 6%, in line with the Company’s long-term growth target. Full-year reported operating income grew 20% and comparable currency neutral operating income grew 12%. Fourth quarter reported operating income grew 68% and comparable currency neutral operating income grew 14%, ahead of our long-term growth target. The Company reports full-year reported earnings per share (EPS) of $3.69 and Q4 reported EPS of $0.72. Full-year comparable EPS of $3.84, up 10%, and Q4 comparable EPS of $0.79, up 10%, both ahead of the company’s long-term growth target.

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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."