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.

Worry About What You Can Control

There’s a lot to worry about right now out there in the financial world. The European debt problems, the volatility in the stock market and the gridlock in Washington are probably at the top of many worry lists. You can lose a lot of sleep worrying about matters like these, but it won’t do you much good because you can’t really change any of them. Instead, you should worry about the things that you can control.

For example, you can make sure that your portfolio is well diversified and that you have the right balance between asset classes. You can evaluate your insurance coverage to make sure that it covers your current needs. You can review your estate plan to make sure it is up-to-date and takes advantages of the current wrinkles in the tax code.

At a more granular level, you can re-examine the holdings in your portfolio. Are there any holdings whose risk level has increased due to recent events--for example, European banks or insurance companies? Are there any stocks that you’ve thought about buying in the past that have been beaten down to attractive levels? For example, see the articles about the Dividend Aristocrats and Post-Bankruptcy Stocks in the September 2011 issue of the newsletter.

Not only will you lose less sleep if you don’t worry about the things you can’t change. You’ll probably feel much better if you take some active steps to improve your financial health.

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Lessons from the 1st Turnaround Letter of 32 Years ago

In July, 1986, exactly 32 years ago, George Putnam sent the first Turnaround Letter to subscribers. Technology back then seems like the Stone Age, with hard copy research and primitive CompuServe dial-up service. Wall Street ignored turnaround stocks back then and continues to ignore them today. While technology has changed immensely in 32 years, The Turnaround Letter’s philosophy of selecting out-of-favor companies on the verge of turning around hasn’t changed. Our timeless process helped driven The Turnaround Letter’s independently-verified market-beating returns. Read More.

Comparing Stocks Vs. Bonds

While the common stock of a turnaround candidate usually has the greatest upside potential, other classes of securities, such as bonds or preferred stock, may offer attractive profit possibilities with less risk. Many turnaround companies have only one class of securities available to investors but where there are different classes to choose from, it can pay to do a little extra analysis of the various options.

Read More.

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."