Recommendation Updates

Follow the latest news on active Turnaround Letter purchase recommendations.

Mid Cap / Telecommunication Services

MetroPCS Financials Announced

On February 23, 2012, MetroPCS Communications, Inc. (NYSE: PCS) announced financial and operational results for the quarter and year ended December 31, 2011. MetroPCS reported growth in quarterly adjusted EBITDA of 15% over the fourth quarter 2010 and ended the fourth quarter 2011 with over 9.3 million subscribers. Income from operations increased $8 million, or 4%, for the fourth quarter of 2011 when compared to the prior year’s fourth quarter. Net income increased $77 million, or 573%, for the fourth quarter of 2011 when compared to the prior year’s fourth quarter. Adjusted EBITDA of $362 million increased by $47 million for the fourth quarter of 2011, or 15%, when compared to the prior year’s fourth quarter. Income from operations increased $29 million, or 4%, for the full year ended December 31, 2011 as compared to the prior year. Consolidated adjusted EBITDA of $1.3 billion increased $156 million, or 13%, when compared to the prior year. Net income for the year was $301 million and increased $108 million, or 56%, when compared to 2010. MetroPCS expects to incur capital expenditures in the range of $900 million to $1.0 billion on a consolidated basis for the year ending December 31, 2012.

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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."