Recommendation Updates

Follow the latest news on active Turnaround Letter purchase recommendations.

Automobiles & Components / Large Cap

Ford Key Executive Changes Announced

On February 9, 2012, Ford Motor Company (NYSE: F) announced that Lewis Booth, Executive Vice President and Chief Financial Officer, and Derrick Kuzak, Group Vice President, Global Product Development, have elected to retire effective April 1, 2012. Each has served the automaker for more than 30 years. Booth, 63, will be succeeded by Bob Shanks, who is currently Vice President and Controller. Kuzak, 60, will be succeeded by Raj Nair, who is currently Vice President, Engineering, Global Product Development. Shanks and Nair assume their new positions April 1, 2012. In addition to these changes, Ford is announcing the following moves, also effective April 1, 2012: Stuart Rowley, 44, currently Chief Financial Officer, Ford of Europe, has been elected a company Officer and will succeed Shanks as Vice President and Controller. Hau Thai-Tang, 45, currently Executive Director, Global Product Programs, has been elected a company officer and will succeed Nair as Vice President, Engineering, Global Product Development.

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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."