|
| |
Over the years, our investment philosophy (and track record) have caught the attention
of Wall Street's top experts.
Kiplinger's Personal Finance Magazine
"Given the extreme valuations, investors need to tread carefully in this arena
(internet stocks) or not at all. Referring the tulip-bulb mania in Holland in the 17th
century, George Putnam, editor of the value-oriented Turnaround Letter, recently crafted
the headline: "Internet Stocks: At Least You Could Plant a Tulip Bulb." -
Kiplingers Personal Finance Magazine (June 1998) |
Mark Hulbert in Hulbert Financial Digest
The Turnaround Letter's "Portfolios have beaten a buy-and-hold strategy since the
beginning of 1988 by a margin of 19.1% to 15.2%, annualized." (September 23, 1996) |
Mark Hulbert in Forbes
The Turnaround Letter received an "A" rating in both an Up and a Down market
with an annualized since 11/90 of 31.6%. The only newsletter to receive a AA rating out of
the 80 which were rated. (January 27, 1997) |
Hulbert Financial Digest
5-year annual return: 27% [Highest of all newsletters monitored] (through July 31, 1996). |
Kiplinger's Personal Finance Magazine
"Bargain Hunters who like out of favor stocks with good prospects should look at The
Turnaround Letter." (February, 1996) |
The Wall Street Journal
"In first place this time around was George Putnam III, president of New Generation
Research in Boston and editor of The Turnaround Letter….Mr. Putnam (is) an expert on
companies that are in bankruptcy proceedings or have recently emerged from them."
(December 7, 1993) |
Worth Magazine
"A portofolio like Putnam's doesn't move in lock-step with the greater stock market.
Several of Putnam's better years, in fact, have been dissappointing ones for the overall
stock market." (July/August 1993) |
New York Times
"When it comes to profiting from other people's problems, there's no place like Wall
Street. And, in recent months, there's been no analyst like George Putnam when it comes to
telling people how to do it."(May 4, 1992) |
U.S. News and World Report
"Explains George Putnam, III, whose Turnaround Letter tracks out-of-favor firms: Many
institutional investors stay away from troubled stocks. Individuals have a chance to make
a lot of money - it's not as efficient a market." (April 27, 1987) |
Forbes
"Putnam's (first-place) 1992 performance is not a fluke: Over the five years that
(Hulbert) has followed Putnam's service, it is one of the select few that has beaten a
buy-and-hold strategy."(January 18, 1993) |
CNBC
"In a report about two weeks ago, our financial correspondent, talked with [George
Putnam] who saw a big gain in TWA shares, Since then the stock is up 50%." (November
18, 1995) |
Barron's
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) |
Business Week
"Putnam has scouted for companies that have avoided bankruptcy and climbed into the
black." (March 30, 1987) |
Dan Dorfman in USA Today
"George Putnam III, 42, continues to tear up the turf. And he has been doing it for
three years running. Up 64% last year after a 56% gain in '91, he's Hulbert's No. 1
performer in '93 with a 49% advance in the first 10 months." (Nov. 1993) |
Fortune
"Some wise Wall Street professionals, however, are still discovering bargains by
picking through a group of down-and-out stocks. Their bottom-fishing technique may be one
of the few left to turn up any remaining sources of value…George Putnam, III, who
publishes The Turnaround Letter in (Boston) considers these situations especially good for
small investors." (July 1987) |
Wall Street Week with Loius Rukeyser (PBS
television)
"The newest George Putnam [III], though, made a point of striking out on his own -
first as a corporate securities lawyer in Philadelphia, now as the publisher of The
Turnaround Letter, a monthly letter that specializes in bankrupt or otherwise-distressed
companies." (August 28, 1987) |
Money Magazine
"Companies emerging from bankruptcy and other stocks selling for less than $5 are
inherently on shaky ground, but those that manage to get their footing often leap quickly
in value. George Putnam III, editor of The Turnaround Letter, favors two firms that
emerged from bankruptcy in mid-1987 ... " (June 12, 1989) |
|
yearbook, defaulted bonds, chapter 7, debt in distress,
troubled companies, troubled debtor-in-possession, junk
|
