Meet George Putnam

George Putnam

A graduate of both Harvard Law School and Harvard Business School, George Putnam, III first became involved with distressed securities as a lawyer in the late 1970s. He founded New Generation Research, Inc. in 1986 after seeing how profitable turnaround stocks could be because many investors do not understand them or are afraid of them. Since the first issue of his flagship publication The Turnaround Letter hit the presses back in 1986, Putnam has consistently practiced the same straight-forward and profitable contrarian investment philosophy.

As a distressed investor, Putnam does not follow the crowd. His Turnaround Letter purchase recommendations avoid “blue chips” and “hot” stocks—instead searching for select “troubled” companies poised for a rebound. His strategy is simple: Beaten down stocks with genuine value will prevail regardless of the overall market.

            Experience You Can Trust

The key to profits with turnaround investing lies in skillful analysis and decades of proven experience—separating those companies that will recover and, ultimately, return to favor from those that will not. Like many things in life making this distinction is often easier said than done, and The Turnaround Letter's performance returns and impeccable reputation speak for themselves.

Frequently interviewed by Barron's, The Wall Street Journal, New York Times, Kiplinger, The Fiscal Times, MoneyShow.com and other financial publications, Putnam has been named USA Today's "Investment Advisor of the Year." In addition to his responsibilities at New Generation Research, Putnam also founded and serves as President and CIO of an investment adviser focused on distressed situations and serves as a Trustee for the Putnam Group of Mutual Funds. 

Market-Beating Results

George Putnam's straight-forward stock market strategy has brought his readers a 15-year annualized return rate of 12.5% (as of 6/30/18)—versus the S&P 500's 9%:

Source:Hulbert Financial Digest

Turnaround Letter readers have also realized significant gains on many of 2017/18's closed out purchase recommendations, with an average of 58% stock profit (through 6/30/18). Putnam's Turnaround Letter's average profit on closed out stock picks since 2003 is 52% (through 6/30/18), as indicated in the chart below: 

Closed Out Stock Picks Avg. Returns

long-term-stock-profit

One of the longest-running investment newsletters on the market today, George Putnam's Turnaround Letter will show you how to lock in your own double-digit stock profit and long-term investing success!

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Amazon = US GDP 1970

Amazon joined Apple in reaching a $1 trillion market capitalization. $1 trillion is about the same as the total value of New York City property and the total value of loans at JP Morgan, the nation’s largest bank in terms of assets. Jeff Bezos’ $160 billion stake would place him (personally) as the #33 largest company in the S&P 500 in terms of market cap, next to Coca-Cola, Disney and Netflix. We aren’t bold enough to predict whether the shares will continue upwards or if they are in a bubble reaching maximum inflation. Setting aside for a moment their investment prospects, let’s admire the truly remarkable milestone that these two companies have reached. 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

 

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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."