Recommendation Updates

Follow the latest news on active Turnaround Letter purchase recommendations.

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

Kraft Leadership Change Announced

On February 16, 2012, Kraft Foods (NYSE: KFT) announced that Marc S. Firestone, 52, Executive Vice President, Corporate and Legal Affairs, and General Counsel, will leave the company in April to rejoin Philip Morris International (PMI) in Lausanne, Switzerland. Firestone previously worked at PMI before coming to Kraft Foods in 2003. Gerhard "Gerd" W. Pleuhs, 55, will succeed Firestone as Executive Vice President, Legal Affairs and General Counsel. Pleuhs currently serves as Senior Vice President and Deputy General Counsel for Kraft Foods. Pleuhs joined the legal team at Jacobs Kaffee Deutschland in 1985, and has assumed various legal positions of increasing responsibility throughout his career. In 1993, he was named Chief Counsel for Kraft Jacobs Suchard Germany, responsible for the legal and regulatory affairs for Kraft's business in Germany. In 2000, he became Vice President and Chief Counsel for Kraft's Central and Eastern Europe, Middle East and Africa region, based in Vienna. Three years later, he moved to the United States to become Senior Vice President and General Counsel, Kraft Foods International. He assumed his current role in 2007. Pleuhs will continue to lead the legal function for the global snacks company when it launches later this year. Firestone had been slated to lead the legal function for the North American grocery company upon separation. With his departure, the company will initiate an internal and external search for candidates to fill that role.

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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."