- The Newsletter
- Meet George
- Investment Advice
- Turnaround Investing Blog
Since the first issue of The Turnaround Letter hit the presses back in 1986, George Putnam has consistently practiced the same straight-forward and profitable value investing approach. He does not follow the crowd and is widely-recognized for this contrarian perspective, with media sources and financial publications frequently seeking out his insight, stock recommendations and unique turnaround investing expertise. Most recently, Forbes, equities and MoneyShow highlighted The Turnaround Letter in the following write-ups.
Forbes' "5 Stock Buys At Big Discounts" notes, "With major indexes trading at or near all-time highs, it's much harder than ever to find bargain stocks. And by bargain, we mean quality companies at a reasonable price. As Warren Buffett famously pointed out 'price is what you pay, value is what you get.'" Forbes goes on to detail five value stocks selected by The Turnaround Letter. Each of the stock picks has minimum $1 bb market caps and significant declines over 52-week highs—adding up to "real value that the market appears to be missing." Click here to read the related PDF report for "5 Stock Buys At Big Discounts."
"How New CEO Steers Turnaround At Macy's" highlights Putnam's July 2016 Purchase Recommendation: Macy's (M). The article notes Putnam's assertion, "Macy's shares remain near multi-year lows despite the company's reasonably decent 2nd quarter 2017 results backed by fresh and more aggressive leadership….Valuation at 4.4x this year's estimated EBITDA, which understates the value of much of Macy's real estate, assumes an overly grim outlook for the company." Putnam believes this retailer is showing all the signs of a successful turnaround, and the stock remains bargain priced with an added bonus: Macy's generous dividend yield rewards patient investors.
In "5 REITs With Turnaround Potential," MoneyShow notes Putnam's assertion that turnaround investors frequently overlook REITs. The write-up explains, "Because REIT turnarounds often involve selling illiquid real estate, they can be measured in years, not quarters. However, for patient investors, they can offer substantial gains while often paying attractive dividends in the meantime." The article analyzes five of The Turnaround Letter's favorite REITs with attractive stock profit potential.
We'll continue to alert you when George Putnam and The Turnaround Letter make headlines, and you can always find his timely stock market advice and value investing recommendations.