The Turnaround Letter stocks posted here represent companies that we think have timely rebound potential.
Amplify Energy (AMPY) – Following the merger last year between Midstates Petroleum and Amplify Energy, the company is executing on its integration and capital spending plans. The shares have declined sharply in recent weeks, offering an attractive entry point and considerable rebound potential along with a very generous 19.8% dividend yield.
Meredith Corporation (MDP) – Meredith has completed the integration of their TIME acquisition and is having success in upgrading its product and content portfolio in its magazine and TV businesses. Overall, the Meredith turnaround is making good progress. The shares have declined nearly 20% in the past two weeks on worries that the U.S. economy will slow sharply, largely in response to fears of the coronavirus. With its turnaround making progress while the valuation is compelling (along with a recently raised dividend that produces an 8.8% yield) we believe Meredith shares offer timely rebound potential.