Going Contrarian
Ideally, I like to look for companies that are operating in industries with secular tailwinds and long runways for growth (think Liberated Syndication or P10 Holdings).
I usually don’t like to invest in overly cyclical industries because a lot is out of the control.
However,...
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Hedge funds are supposedly where the smart money is going. The track record says otherwise. But these 5 hedge fund managers have outperformed.
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We looked through the market to find companies that would benefit greatly from a post-Covid world yet still have weak stock prices. We bypassed companies with heavy debt burdens, like many cruise lines, airlines and other companies with permanently impaired value that may up...
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With a second stock pullback likely after a two-month rally, today I want to discuss my five commandments for selling short - before you need to use them.
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Hertz stock is dead, a thing of the past thanks to coronavirus. I'm more interested in the future - and that means self-driving electric cars and Tesla.
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We review the four recommended companies reported earnings this week, including Meredith Corp (MDP), Mohawk Industries (MHK), Toshiba (TOSYY) and Vodafone (VOD), as well as Conduent (CNDT) which reported last week.
We retain our Buy ratings on all stocks, although we are reducing our targets...
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Year-End Brings the Bargain Hunting Season
In This Issue:
Year End Bounce Candidates
Busted IPOs
Recommendations:
Buy: Peabody Energy
Other Ratings Changes
News Notes & Performance
While our focus at The Turnaround Letter is on long-term business fundamentals and underlying valuations, even we can be tempted to briefly set this aside shorter-term...
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Big Oil, Big Yield
In this Issue:
Big Oil, Big Yield
Convertible Bonds
Recommendations:
Buy: Thor Industries:
Other Ratings Changes
News Notes & Performance
While the broad stock market reaches for new all-time record highs, companies that produce oil and natural gas remain heavily out-of-favor. This is true not only for small-caps,...
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In This IssueShort SellersBrexit StocksRecommendations:Buy: Trinity (TRN)MPO UpdateNews Notes & Performance
WHERE SHORT-SELLERS COULD BE WRONG
While most investors select stocks that they believe will increase in price (being “long” a stock), short-sellers are hoping the price goes down. Motivations for short-selling include: betting against stocks...
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In the past two weeks, twenty Turnaround Letter recommended companies reported earnings, while three announced mergers. Nearly all of our names have reported.
Merger news:
Gannett (GCI) – the company reached an agreement to merge with New Media Group (NEWM). Gannett shareholders will receive $6.25/share in cash and shares...
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It was a full week of earnings for The Turnaround Letter recommended names. Below we summarize all 17 of the reports from the week. Some companies with more notable reports were discussed in separate notes. All companies mentioned retain our Buy rating and price targets.
McDermott – Reported...
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In This Issue:High Dividend Turnaround StocksThey Don't All Go UpRecommendations: Buy: Biogen (BIIB)Sell: NII Holdings and Bank of AmericaNews Notes & Performance
High Dividend Yield Turnaround Stocks: Getting Paid While You Wait
By their nature, turnaround stocks involve a fair amount of risk. One way to reduce...
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My most successful strategy throughout my 18-year options trading career has been using my unusual option activity scanner. Here’s how it works.
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In This Issue:Turnaround Mutual FundsBankruptcy ReviewStock Market UpdateRecommendations:Buy: Molson Coors (TAP)Changes: CNDT, HOVNews NotesPerformance
Turnaround Mutual Funds
TURNAROUND MUTUAL FUNDS As readers know, part of what makes turnarounds an inefficient and therefore profitable investing niche is that most investors avoid these securities. A rough gauge: the...
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On May 3rd, Turnaround Letter Buy-rated Newell Brands (NWL) reported first quarter 2019 results that show that the turnaround is making progress. While revenues still need to stabilize, better expense control is bolstering profits. Management re-iterated their full-year guidance. Improved working capital management is freeing up otherwise cash...
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