MrSwing.com
"…Global Crossing (NASDAQ: GLBC) was started in 1997 to build a worldwide fiber optic cable network, with the strategy, 'if you build it, they will come'," says George Putnam, adding, "But as the telecom bubble burst around 2000, nobody came." Now, in his always-excellent The Turnaround Letter, he suggests, "We think the current stock price gives you the opportunity to buy into a very valuable network at a tiny fraction of its original cost…" (September 18, 2009)

BloggingStocks.com
"…The steel stocks tend to go through boom and bust cycles depending on global economic activity; they have been pummeled over the last year, as the global economy slowed," notes turnaround expert George Putnam. In his The Turnaround Letter, he explains, "But the news about steel is not all bad." Indeed, he believes some steel companies are poised for a turnaround. Here's his review of 6 leading steel production companies…" (June 10, 2009)

Moneyshow.com
..George Putnam IV, editor of The Turnaround Letter, finds a beaten-down manufacturer he thinks will bounce back nicely when the global economy recovers. Terex (NYSE: TEX) is a leading manufacturer of heavy equipment, including cranes, earth-moving and road-building machinery, and mining equipment. The company rode the global boom in construction, energy development, and mining for much of the past decade, pushing the stock as high as $96 in July 2007…" (February 12, 2009) 

The StockAdvisors.com
"…You can invest for all the right reasons and still get the wrong result," says George Putnam, referring to the poor performance of the pharmaceutical sector in recent years. Here, in his industry-leading The Turnaround Letter, he offers a fascinating review of 10 leading drug stocks which he now believes offer a combination of growth potential at "pretty cheap" valuations…" (May 30, 2008)

Barron’s
"…For 21 years, George Putnam III has trained his sights on one of the more obscure areas of investing: turnaround situations and bankruptcies. By focusing on out-of-favor companies, his flagship publication, The Turnaround Letter, has achieved enormous success for its subscribers. For the five years through September, ideas in the newsletter generated average annual returns of 25.3%, versus 13.3% for the Wilshire 5000 index. For the past decade, they gained 17.1%, compared with an average annual 7.1% for their benchmark. Clearly, this grandson of the founder of Putnam Investments knows a thing or two about investing…" (October 15, 2007))

MarketWatch from Dow Jones
“Warren Buffett to buy an investment bank? The Turnaround Letter was there first. Wall Street really liked the news that the fabled Buffett might be interested in getting control of The Bear Stearns Companies Inc. He seems to be emerging as one-man Plunge Protection Team. But Buffett's bid was anticipated by one of the more successful letters followed by the Hulbert Financial Digest: George Putnam's The Turnaround Letter. Turnaround specializes in beaten-down stocks and even provides a comprehensive database on companies emerging from bankruptcy. It's a risky business. Turnaround's portfolios are systematically more volatile than the market. But it appears to work. On average, Turnaround's portfolios are up 16.2% annualized over the past 15 years, according to the HFD, vs. 11.1% annualized for the dividend-reinvested Dow Jones Wilshire 5000….” (September 28, 2007)

Kiplinger.com
Hercules Inc. may be staging a comeback.
“…However, the company is turning around thanks to Craig Rogerson, who became chief executive in 2003, says George Putnam, publisher of the Turnaround Letter. Putnam is a lawyer by training, a background that's invaluable for assessing the risks in many turnaround cases. For his investment newsletter, he looks for bombed-out stocks with little downside risk but the potential for dramatic gains when the market recognizes improving company fundamentals. And Hercules is one of his current picks. Hercules has made good progress on the legal front and has moved rapidly to clean up its balance sheet by selling non-core assets. It's even enjoying a $240 million tax refund…” (September 7, 2007)

Hulbert Financial Digest“…this letter has done better than almost all of the other services that have incurred similarly high levels of risk - many of which have stumbled badly and lost lots of money.  This letter has managed to beat the market, and its portfolios have avoided the huge declines of the typical high risk investor.  On average since the beginning of 1988, the newsletters portfolios have gained 14.1% annualized in contrast to the Wilshire's 11.7%." (June 2005)

Saint Paul Pioneer Press“…in rank order, here are the newsletters whose recommendations have outperformed the market averages during the past 15 years…Turnaround Letter…” (January 6, 2005)

Kiplinger's Personal Finance
“Or you might want to consider these picks from The Turnaround Letter, which specializes in following battered stocks” 
(March 2004)

George Putnam III, the bankrupt's Boswell, observes ... the most dramatic growth is in the category reserved for 'large publicly traded bankruptcies" (May 27, 1991)