Recommendation Updates

Follow the latest news on active Turnaround Letter purchase recommendations.

Automobiles & Components / Mid Cap / Materials

Lear Executive Change Announced

On February 17, 2012, Lear Corporation (NYSE: LEA) announced that Jeffrey H. Vanneste has been appointed Senior Vice President and Chief Financial Officer effective March 15, 2012. Vanneste most recently served as Executive Vice President and Chief Financial Officer for International Automotive Components Group (IAC). Jeff joined IAC in March 2007 as Chief Financial Officer for North America. In January 2011, he was elevated to E.V.P. and C.F.O. of IAC's global operations. Prior to joining IAC, Mr. Vanneste was with Lear Corporation in positions of increasing responsibility over 15 plus years including: Vice President of Finance, European Operations, Vice President of Corporate Business Planning and Analysis, Vice President of Finance, Seating and Vice President of Finance for the Ford and GM Divisions. Vanneste received a Bachelor's degree in Accounting from Wayne State University and a Master of Business Administration degree from Michigan State University.

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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."