The Turnaround Letter Blog

Learn how to find and invest in undervalued stocks from the market insider that MSN Money’s Michael Brush calls one of his “favorite value managers for the past decade.”, George Putnam III.

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Opportunities in Busted IPOs

In our August 2017 article about initial public offerings (IPOs), we wrote about the stren...

Rebound stock ideas related to the Coronavirus

The Turnaround Letter focuses on longer-term turnarounds, usually with 2-3 year horizons, ...

26th Annual Distressed Investing Conference on Mon., Dec. 2, 2019, at The Harmonie Club in Midtown Manhattan.

Our friends at the Beard Group are hosting the 26th Annual Distressed Investing Conference...

Mark Twain and The Value of History

History can teach investors how to interpret media commentary on stocks Here at New Genera...

Private Equity and the Eclipse of the Public Markets

Michael Jensen’s 1989 article in Harvard Business Review, “The Eclipse of the Public Corpo...

Lessons from the 1st Turnaround Letter of 33 Years ago

In July, 1986, almost exactly 33 years ago, George Putnam sent the first Turnaround Letter...

Turnaround Investing Philosophy: 33 Years Later, Some Things Never Change

Recently I was asked how my investing perspective changed over the 32 years of publishing ...

Excuse du Jour: The Dog Ate My Earnings

 

Sell When They Want to Buy; Buy When They Want to Sell

Investors know that it’s always easier to sell a stock when it is going up--the more peopl...

Don't be Trendy!

Turnaround investors must be especially wary of trendy sectors. Recently, this has been de...

Don't Try to Time the Market

There is an old saying in the investment business: “You can always tell the market-timers:...

Convertible Bonds & Value Investing

Convertible bonds are an attractive vehicle for investors who want equity-like returns but...

Recommended Read in "Barron's" on Price Targets

In last week's edition of Barron's, ("Do Wall Street Stock Price Targets Really Matter? Wh...

Our Current Outlook on Weatherford Stock

One of our members recently enquired about our thoughts on Weatherford shares, and we thou...

High Yield Bonds - Into Thin Air?

With investors’ faith in the long-running economic expansion and bull market being tested,...

Closed End Equity Funds: Buying Stocks at a Discount

 

Three Key Ways to Reduce your Turnaround Investing Risk While Improving Your Returns

It is easy to get mesmerized by the potential gains in a turnaround stock and put in too m...

Five Places to Find Information About your Stocks

When owning individual stocks, it’s important to know how the company behind the share pri...

What is Proxy Voting and Why Does It Matter?

It’s mid-May and proxy season has arrived. Holders of individual stocks have been receivin...

How to Handle Emotion & Realize Outsized Gains: Distressed Investing 8

Investing in distressed securities can produce outsized gains, but also involves more risk...

What Happens in a Bankruptcy?: Distressed Investing 7

While investing in distressed companies can produce enormous gains, not all distressed com...

Exploring "The Dark Side"...What To Do When Recovery Unravels: Distressed Investing 6

Investing in distressed companies can produce enormous gains. When the recovery is success...

How to Evaluate Potential Pay-Off: Distressed Investing 5

Investing in distressed securities can seem complicated, yet the basics are straightforwar...

How to Evaluate Turnaround Prospects: Distressed Investing 4

After you’ve determined what got a company into trouble, you want to evaluate whether it c...

EV/EBITDA: What Is It & Why Are We Using It More?

You have probably noticed that we are increasingly using EV/EBITDA as a valuation measure,...

How to Find Promising Distressed Securities: Distressed Investing 3

Focusing on how to find publicly traded distressed securities that might be promising inve...

Strategies for Investing in Distressed Securities: Distressed Investing 2

We focus on distressed bonds and explore some reasons why their returns can be so high in ...

What is Distressed Securities Investing?: Distressed Investing 1

The Turnaround Letter is launching a new series on investing in distressed securities. In ...

Is there value in bankrupt PG&E’s stock?

In nearly every case, the shares of a company in bankruptcy become worthless. In very rare...

Investing Books to Give for the Holidays

Looking for a stocking-stuffer for the investor or businessperson in your life, or perhaps...

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