George Putnam Shares Value Stocks & Investment Advice in The Turnaround Letter
George Putnam has been writing The Turnaround Letter for over 30 years. During that stretch he has racked up quite an impressive resume—including being named the USA Today “Investment Advisor of the Year” and Dick Davis Investment Digest’s “Best Performer of the Year."
Throughout it all, George has remained true to his basic investing approach of identifying companies that, although unloved by Wall Street, have solid fundamentals and the potential to turn themselves around. George is a long-term investor who remains fully invested with his picks until their stock reaches its “sell” level and market-beating returns are achieved for his subscribers.
With an 12.5% annualized return (as of 6/30/18) on The Turnaround Letter’s stock recommendations over the last 15 years, George’s subscribers have achieved remarkable success with his trademark contrarian investing resource.
Learn more about George Putnam.
Identify & Profit from Distressed Investing
Turnaround Investing Blog
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.
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.
Turnaround Letter Stock Pick Named Top Performer of 2017
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."
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