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 13.5% annualized return (as of 3/31/18) 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
At first glance, the shares have decent appeal as a turnaround investment. Looking deeper, however, the fundamentals are not as strong and stable as they appear. Surplus cash flow is tight, a key driver is weakening, it is increasingly reliant on China and has other nagging issues. We don’t see the new CEO as a catalyst for change. Despite the “first glance appeal”, Tupperware isn’t a good fit as a turnaround stock.
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.
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
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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