Exchange Traded Funds (ETFs)

A security that tracks an index, a commodity or a basket of assets but trades like a stock


Fears of 'contagion' may be overblown.

Emerging Markets - An Emerging Opportunity?

An old adage says that when the United States sneezes, the rest of the world catches a cold. Recently, though, as the United States slows modestly after an extended period of Olympian-quality health, emerging market stocks seem to have caught something more like pneumonia. Since its January peak, the widely-watched iShares MSCI Emerging Markets ETF (EEM) has declined 22% while the S&P500 has weakened by about 8%. Over longer periods, the EEM remains unchanged since 2007 while the S&P500 has nearly doubled. Investors haven’t given these markets much credit for a long time.
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We look at gold-mining companies differently. 

Good As Gold? Finding Value In Major Gold Mining Companies

This article names five appealing value stocks. They are all major, well-run mining companies whose shares or ADRs trade on the New York Stock Exchange, with generally beaten-down valuations and prices. They provide potentially more sparkle: If the price of gold does begin to go up, the stocks of gold mining companies generally rise faster than the commodity itself.
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George Putnam's Strategy to Beat Passive Investing Trend

MarketWatch's Michael Brush has some advice for investors: "Own out-of-favor stocks held by active funds when they start beating indices again." Pointing out the difficulties currently faced by fund managers, the article cites George's observation that this "dynamic sets up a clever way to place a contrarian bet against the ETF boom." Brush cites three of George's recent stock picks and touts The Turnaround Letter's straightforward investing approach.
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Distressed Investing: How to Handle Emotion & Realize Outsized Gains

As the range of potential outcomes for a distressed security is wide, the path to the endgame is uncertain and the timing can be protracted, it is easy to let your emotions drive your strategy. Once you’ve made the decision to invest, the waiting--doing nothing--is the most difficult part.
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Investors can’t get enough of S&P500 stocks.

Stocks Left Behind By The Surge in S&P500 Index Funds

Large-cap stocks not in the S&P500 Index do not directly participate in the upward cycle and may get left behind, creating good long-term bargains. Similarly, when the cycle reverses and investors bail out of index ETFs, stocks not in the index could decline less. With these thoughts in mind, we searched for “left-behinds”--large-cap stocks that are not members of the S&P500 Index that look attractively valued. Some look like stand-alone bargains, others look attractive relative to their peers that are in the S&P500 Index.
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These value stocks have well known activists with good track records.

Follow The Activists: Investors Creating Positive Change

Compared to yesteryear’s corporate raiders who often benefited at the expense of other shareholders, today’s activists generally seek to raise the stock price for the benefit of all shareholders.
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These stock pics offer solid balance sheets and generous dividends.

Time to Move Out of the Comfort Zone?

Mainstream investors are a notoriously fickle bunch, and when they tire of the "comfortable" names, they could rotate into these more cyclical stocks pushing them up sharply.
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Many asset manager stocks have rebounded a bit yet still have great upside potential.

Investment Manager Stocks: Out of Favor Does Not Mean Out of Business

The story on traditional asset managers sounds bleak: “Everyone” is moving to ETFs, index funds or hedge funds; oil-producing countries are withdrawing capital; stock market turmoil is scaring people away from equities while interest rate uncertainty is scaring them away from bonds and more regulations are raising costs. Out of favor, however, doesn’t mean out of business and we think these nine value stocks look particularly interesting.
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Are the "Experts" Usually Wrong? Time to Buy Emerging Markets?

Excerpted from the October 2015 Issue
If you look longer-term--both backwards and forwards--emerging markets look like much more promising investments...and many of the stocks have decent dividend yields to compensate you in case you have to wait a while for a rebound.
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There are multiple investment vehicles to capitalize on emerging markets.

Are the "Experts" Usually Wrong? Time to Buy Emerging Markets?

If you look longer-term--both backwards and forwards--emerging markets look like much more promising investments...and many of the stocks have decent dividend yields to compensate you in case you have to wait a while for a rebound.
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Identify & Profit from Distressed Investing

Free Report: Turnaround Investing Mistakes

Turnaround Investing Blog

Turnaround Investing Blog

Who wants to buy stocks right now? Nobody.

At best, the broad stock market’s 15.8% drop since its peak only three months ago on September 20 has been disconcerting. The deeper 23% plunge in small cap stocks, as measured by the Russell 2000 index: startling. For the weakest 9% of S&P500 stocks – often those with some type of unfavorable macro exposure – their average loss of 40% in such a brief time has been simply jaw-dropping. 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.

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Turnaround Letter Stock Pick Named Top Performer of 2017


stock market advicex


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."