The Turnaround Letter's Historic Portfolio Returns

You've seen some of The Turnaround Letter's market-beating performance results--now take a look at our year-to-year returns compared to the S&P 500 since 1991. 

Year Turnaround Letter S&P
1991 56.7% 30.5%
1992 63.4% 7.6%
1993 52.6% 10.1%
1994 -8.9% 1.3%
1995 24.8% 37.6%
1996 16.3% 23.0%
1997 11.3% 33.36%
1998 -14.4% 28.6%
1999 34.2% 21.0%
2000 -7.0% -9.1%
2001 15.6% -11.9%
2002 3.5% -22.1%
2003 59.4% 28.7%
2004 28.6% 10.9%
2005 9.4% 4.9%
2006 26.3% 15.8%
2007 -2.2% 5.5%
2008 -55.4% -37.0%
2009 75.6% 26.5%
2010 30.4% 15.1%
2011 -10.3% 2.1%
2012 27.5% 16.0%
2013 50.9% 32.4%
2014 2.4% 13.7%
2015 -19.7% 1.4%
2016 31.4% 12.0%
2017 11.4% 21.8%
 
Learn more about our performance calculation methodology.

 

View more performance details for George Putnam's

The Turnaround Letter.

Identify & Profit from Distressed Investing

Free Report: Turnaround Investing Mistakes

Turnaround Investing Blog

Turnaround Investing Blog

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

 

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."