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George Putnam III

A graduate of both Harvard Law School and Harvard Business School, George Putnam III first became involved with distressed securities as a lawyer in the late 1970s. Seeing the inefficient niche that bankruptcies and turnarounds presented when researched, he founded New Generation Research, Inc. and began publishing “The Turnaround Letter” in 1986. Since then, he has frequently been quoted in Barron’s, The Wall Street Journal, New York Times, USA Today and other financial publications. In 1990, he was named investment advisor of the year by USA Today. In addition to his responsibilities at New Generation Research, Mr. Putnam also serves as a trustee for The Putnam Companies, a mutual fund group with over $100 billion in assets.

From this author
The Turnaround Letter, a monthly newsletter, and associated website (www.turnaroundletter.com) focus on distressed and turnaround investing. Published since 1986, The Turnaround Letter is one of the longest standing and most successful newsletters on the market today. “Turnaround investing” has become an industry buzzword as of late but George Putnam, the...
Oaktree Capital Group, LLC (OAK) is a leading investment firm in the turnaround and distressed securities area. It also invests in convertible securities, emerging markets, real estate and value-oriented public equities. Oaktree’s assets under management have grown steadily over the years to about $91 billion today. After running up to the...
Freeport-McMoRan Copper & Gold (FCX), the world’s second largest producer of copper and a major producer of gold and molybdenum. The company recently diversified by acquiring two oil and gas producers, Plains Exploration & Production and McMoRan Exploration. Freeport’s stock has been weak over the last couple of years as the...
Cisco Systems, Inc. (CSCO - yield 2.90%) is a world leader in networking and other data transmission products. ... Cisco finally appears to be on the verge of breaking out of its more than decade-long doldrums. While the company has not given up on acquisitions entirely, it is now focused...
Since the beginning of the year, Income Insights has featured a range of investment vehicles including dividend-paying stocks, master limited partnerships, preferred stocks, bonds, floating-rate funds, equity income funds and utilities. Today, The Turnaround Letter Editor George Putnam introduces one more option for income investors: convertible bonds. “Convertible bonds are...
While Emerson Electric Co.’s (EMR 36.09 NYSE – yield 3.70%) short-term prospects depend on the vagaries of the global economy, the company has a history of innovation, as well as manufacturing and marketing strength, that bodes well for the longer term. The company’s brands are well-known and well-respected around the...