The Turnaround Letter is Your Ticket to Value Investing Success

For more than 30 years, George Putnam and The Turnaround Letter have helped investors make money by offering market-beating stock purchase recommendations and investment insight on out-of-favor stocks that have real long-term growth potential. Over the past 15 years George’s readers have seen an annualized return rate of 13.5% (as of 3/31/18)—vs. the S&P's 10.3%, ranking The Turnaround Letter among the top-performing investment newsletters on the market

Michael Brush of MSN Money has called George “one of his two favorite value managers for the past decade.” Investment advisor guru, Mark Hulbert of Dow Jones’ MarketWatch recognized George as one of the best performers for his ability to pick value stocks—stocks that are selling for low prices relative to their book value—and stay fully invested with those stocks until a maximum return is achieved.

George’s stock recommendations are based on a proven investing strategy that values company fundamentals, not stock price or market timing. This smart investment philosophy pays huge dividends for his subscribers.

Learn more about The Turnaround Letter’s performance.

Identify & Profit from Distressed Investing

Free Report: Turnaround Investing Mistakes

Turnaround Investing Blog

Turnaround Investing Blog

IBM: Not Yet Time to Swing at this Pitch

IBM’s stock underperformance since IBM’s current CEO took the helm in 2012 has been stark, with the shares declining 23% while the S&P500 Index has more than doubled. One big problem: revenue growth rate is zero, at best. Without revenue growth, what’s left to entice investors? The real driver of value at IBM – free cash flow that is used to repurchase shares. Can IBM borrow its way to shareholder prosperity as its cash flows shrink? What to do with IBM shares? Wait for a better pitch in the form of a catalyst or much lower valuation. Read More.

Comparing Stocks Vs. Bonds

While the common stock of a turnaround candidate usually has the greatest upside potential, other classes of securities, such as bonds or preferred stock, may offer attractive profit possibilities with less risk. Many turnaround companies have only one class of securities available to investors but where there are different classes to choose from, it can pay to do a little extra analysis of the various options.

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."