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 publisher of The Turnaround Letter, pioneered this concept over 25 years ago and has been successfully practicing it ever since. Mr. Putnam is one of the nation’s leading experts on bankruptcies and turnaround investing and his keen insight has resulted in The Turnaround Letter being ranked as the second best investment newsletter over the last 20 years, according to Hulbert Interactive’s Stock, Fund & Newsletter Screener, a feature of MarketWatch.com that monitors the stock recommendations of 195 investment newsletters. The Turnaround Letter approach to investing is simple. It avoids the “blue chips” and “hot” stocks that most investors are stampeding into. Instead, it searches out companies that have had some problems and are temporarily out-of-favor, but are in the process of turning around. These stocks seem like laggards when first identified, but as the turnaround becomes more evident, Wall Street will jump into the stock and push the price up—often dramatically. The Turnaround Letter has always preached that there are plenty of turnaround opportunities out there but you just have to know where to look.
