Bonds / Post-Bankruptcy Stocks

Investment Philosophy

 

What’s The Turnaround Letter’s investment strategy for double-digit stock profit results?

Since the first Turnaround Letter issue hit the presses back in 1986, George Putnam has always followed the same straight-forward, highly-profitable investment philosophy.

As contrarian investors, we do not to follow the crowd. The Turnaround Letter avoids the “blue chips” and “hot” stocks—instead cherry-picking select “troubled” companies poised for a rebound. The strategy is simple: Beaten down stocks with real value will prevail regardless of the overall market.

Obviously, not every troubled company is going to turn into a success story. Many will liquidate and others languish with depressed stock prices for years. The key to stock profit in 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.

“Old fashioned common sense is always worth the price.”

- Subscriber Richard S.

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. George Putnam's flagship investment newsletter will show you how to achieve your own long-term stock market success!

What The Turnaround Letter Does Not Offer

If you’re looking for a trendy, get-rich-quick gimmick, The Turnaround Letter is not for you. We will not guide you to risky start ups, new issues, “penny” mining stocks or speculative options or futures. We focus on quality stock selection, not market timing or speculative investing schemes.

“Yes, this letter is a good place to find stocks

lying low in the doghouse which will come out to play

and to scurry to new heights on a sunnier day.”

- Subscriber William D.

With more than 30 years of experience under our belt, The Turnaround Letter has developed a highly profitable, yet remarkably straight-forward formula for stock profit. Each and every newsletter issue offers detailed, easy-to-understand and dependable analysis.

More importantly, each month we recommend multiple deeply diversified hot stock picks—each of which meet our pre-determined, highly selective criteria for a turnaround:

  • Value stock opportunity
  • Large, well-known companies
  • Solid core businesses around which stock picks can rebuild
  • Good brand name or franchise
  • Low debt
  • Decent cash flow
  • Good dividends 

“Any success I have had, I give full credit to George Putman.

I have taken the letter for 20 or 30 years.”

- Subscriber Tom. F.

George Putnam uses this simple stock market strategy to bring his readers a 15-year annualized return rate of 12.5% (as of 6/30/18)--versus the S&P 500's 9% return during the same stretch. Act now to take control of your own financial security and maximize stock profit potential with The Turnaround Letter!

Identify & Profit from Distressed Investing

Free Report: Turnaround Investing Mistakes

Turnaround Investing Blog

Turnaround Investing Blog

Turnaround Investing Philosophy: 32 Years Later, Some Things Never Change

Recently I was asked how my investing perspective changed over the 32 years of publishing The Turnaround Letter. It's a fascinating question because change is constant, and often beneficial (although that's not a given) in the business world. If change is the norm, can investing principles stay constant? I firmly believe that they can. 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."