Turnaround Investing Blog

George Putnam, one of the country's leading turnaround and distressed investing professionals, shares his timely insight on the economy and turnaround investing opportunities.

Slower Growth, But Sounder Growth

We do not claim any expertise in economic forecasting--and those who do claim such expertise usually get it wrong--but that doesn’t stop us from having some views on the economy.

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Four Enduring Lessons

The lead article in the August issue examines the lessons we have learned over our 25 years of writing about turnaround investing. While many of the lessons are focused on turnarounds or bankruptcies, there are four principles that we believe are essential to successful investing--of any style.

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A Few Thoughts on Greece

Since the problems in Greece have been strongly affecting the markets in recent weeks, we thought we’d throw in our two cents worth on what will happen there.

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It Will Be Different This Time

Long-time readers will know that we generally subscribe to the view of noted investor Sir John Templeton that these are the six most dangerous words for investors in the English language. For example, this was the rationale that many investors gave for the wild overvaluation of stocks during the internet bubble in the late 1990's.

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Identify & Profit from Distressed Investing

Free Report: Distressed Investing

Turnaround Investing Blog

Turnaround Investing Blog

Free Turnaround Letter Research Report: Bioverativ (NYSE: BIVV)

We're sharing this complimentary copy of our full Research Report for Bioverativ (NYSE: BIVV)—20+ pages of financial analysis, investment philosophy and straightforward explanation. BIVV, our most recent closed out purchase recommendation, brought Turnaround Letter readers 95% stock profit in seven short months. Read More.

Harnessing Activists to Help Find Turnaround Stocks

Activist investors often produce attractive returns for their clients; and you can still use their influence to help your position as a turnaround investor in two ways: Buy a position in a stock with the expectation that an activist will soon follow or buy after an activist takes a stake.


Value Investing


While one of the many dozens of activist funds might find their way to selecting your particular stock, this approach is likely to be frustrating and unrewarding. A better approach is to buy after the activist makes their move. Once an activist takes a stake in a company, how do you evaluate whether it is worthwhile to follow on? Admittedly, this is a bit of an art... Learn how you can harness the power of activist investors to find market-beating turnaround stocks.

Turnaround Letter Stock Pick Named Top Performer of 2017


stock market advicex


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."