george putnam III--The Turnaround Advice

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 george putnam III--The Turnaround Letter

George Putnam, IIIGeorge Putnam III A graduate of both Harvard Law School and Harvard Business School, George Putnam, III first became involved with distressed securities as a lawyer in the late 1970s.  Seeing the inefficient niche that bankruptcies and turnarounds were presented and researched, he founded New Generation Research, Inc. and began publishing  "The Turnaround Letter" in 1986. 

Since then he has frequently been quoted in Barron's, The Wall Street Journal, New York Times, USA Today and other financial publications.  In 1990, he was named investment advisor of the year by USA Today. In addition to his responsibilities at New Generation, Inc. Mr. Putnam also serves as a trustee for The Putnam Companies, a mutual fund group with over $100 billion in assets.

 http://www.turnarounds.com

Our approach is simple. We avoid the "blue chips" 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 we first identify them, but as the turnaround becomes more evident, Wall Street will jump into the stock and push the price up - often dramatically. 

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起死回生的转机股

George Putnam, III

type by Kenneth CHEN

1、愿意独排众议

2、过去股价不相干

3、水饺股和高价股都能让你赔惨

4、寻找扎实的核心业务

5、公司高层异动

6、大资金愿意参与重组

7、确认债务情况

8、避开已经申请破产保护的公司

9、要有耐心等待

10、多元化,资金分散到几个不同的重组股上

起死回生的转机股

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彼得.林區的「選股戰略 轉機股:
1. 出售轉機股的最佳時機是等它起死回生,所有的麻煩都已過去,大家也都知道這一點。
2. 債務,連續五季都在減少,但在最近一份季報中卻多出了兩千五百萬元。
3. 存貨量的成長率是銷售成長率的兩倍。
4. 本益比比起盈餘預估而言顯得過度膨脹。
5. 該公司最強的部門有一半的產品是賣給一家主要客戶,而該客戶正飽受銷售量銳減之苦。

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