The Turnaround Letter

Barron's Article on George Putnam and The Turnaround Letter

On October 15, 2007, the weekly financial publication Barron's published an interview with George Putnam, III, the Editor and Founder of The Turnaround Letter. In the article, Mr. Putnam explains how and why he got into the distressed investing industry, where he thinks the industry is going and what "out of favor" opportunities he sees coming down the road. It is a very frank and interesting article filled with tips and insight. We thought it would be an insightful and beneficial read for those of you interested in turnaround investing.

Here's the Barron's article introduction:

Picking Up Telecoms. Putting Down Banks
Interview with George Putnam III, Founder of New Generation Research

By SANDRA WARD

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.

Click here to view the full interview with Mr. Putnam published in Barron's.

The Turnaround Letter is a monthly newsletter that focuses on maximum potential recovery stocks. Our investment approach is to avoid the "blue chip" and "hot" stocks that most investors are stampeding into. Instead, we search 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 drastically. The Turnaround Letter stock recommendations have averaged 25.3% annual growth over the last five years.

Click here if you would like to subscribe to The Turnaround Letter.