Recommendation Updates

Follow the latest news on active Turnaround Letter purchase recommendations.

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

Campbell Soup Financials Announced

On February 17, 2012, Campbell Soup Company (NYSE: CPB) reported its results for the second quarter of fiscal 2012. During the quarter, sales decreased 1% to $2.112 billion. Net earnings for the quarter ended January 29, 2012 were $205 million, or $0.64 per share, compared with $239 million, or $0.71 per share, in the prior year. EBIT was $329 million compared with $359 million in the prior-year quarter. Net earnings for the first half were $470 million, or $1.45 per share, compared with $518 million, or $1.53 per share, in the year-ago period. For the first half of fiscal 2012, sales were $4.273 billion, a decrease of 1% from the year-ago period. EBIT was $745million compared with $803 million in the prior year. The company confirmed its previous fiscal 2012 guidance. Campbell expects net sales growth to be between 0 and 2%, a decline in adjusted EBIT of between (9) and (7)% and a decline in adjusted EPS of between (7) and (5)%, putting adjusted EPS in the range of $2.35 to $2.42, from the 2011 adjusted base of $2.54.

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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."