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Article from Current Issue of The Turnaround Letter

 

Want to know what George Putnam is recommending right now? His most recent Turnaround Letter article is previewed below--offering you a sneak peak of the quality content and sound investment guidance you can trust.

 

 

Defense Stocks: Cliff May Not Be That Steep?

As we approach the so-called “fiscal cliff,” investors are clearly very nervous about defense stocks. Most of the stocks in this sector fell very sharply after the election, and while they have bounced back somewhat since mid-November, they still look pretty cheap to us.

Of course, these investor concerns are not completely unfounded. If Congress and the White House cannot come up with a compromise and we go over the “cliff,” there would be mandatory cuts in federal defense spending. Our best guess--and we emphasize “guess”--is that Washington will find a way to avoid the cliff. But we also believe that most, if not all, of the risks from the cliff are already priced into defense stocks.

Also, many of the defense stocks spotlighted in our full-text, subscriber-restricted December 2012 Turnaround Letter pay healthy dividends, which should dampen any cliff-related volatility. Many of these hot stock picks have also been stockpiling cash over the last couple of years, which they could use to further enhance their dividends or to repurchase stock.

The December 2012 issue of The Turnaround Letter also includes "Year-End Bounce Candidates: Losers Become Winners (At Least For A While)." You can also view a free preview of the article to learn which stocks to buy now to benefit from year-end calendar quirks.

full-text, subscriber restricted December 2012 Turnaround Letter
full-text, subscriber restricted December 2012 Turnaround Letter

Identify & Profit from Distressed Investing

Free Report: Turnaround Investing Mistakes

Turnaround Investing Blog

Turnaround Investing Blog

Books we Recommend for the Holidays

Looking for a stocking-stuffer for the investor or businessperson in your life, or perhaps for yourself? Don’t have a lot of time to stroll through a brick-n-mortar bookstore or wonder which books among Amazon’s endless inventory are actually worth buying? Our list, assembled by George Putnam and Bruce Kaser, includes some fascinating new titles as well as several timeless classics about successful investing and leadership. All are valuable reads which any recipient will be thrilled to dive into. Read More.

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.

Read More.

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."