Return to the Guru Directory

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, George Putnam founded New Generation Research, Inc. and began publishing The Turnaround Letter in 1986. George Putnam believes there is much less risk in a "troubled" stock that has already been hammered down by the market than in a "hot" stock that is trading at 30 or 40 times earnings. The hot growth stock will come crashing down if there is just a little bad news (or perhaps even good news that wasn't quite as good as Wall Street expected). But a stock that is already perceived as troubled may hardly budge on more bad news.

Turnarounds.com offers links to New Generation Research publications, products, and services, including The Turnaround Letter, Bankruptcy Week, and The Distressed Company Alert.

In addition to his responsibilities at New Generation, George Putnam also serves as a trustee for The Putnam Companies, a mutual fund group with over $100 billion in assets.

The Turnaround Letter (Turnarounds.com) is a monthly investment newsletter, offered by paid subscription, which focuses on bankruptcy and turnaround investing. New Generation Research looks for companies that have had some problems and are temporarily out-of-favor, but are in the process of turning around. Their belief is that these stocks seem like laggards when they are first identified, but as the turnaround becomes more evident, Wall Street will jump into the stock and push the price up. The Turnaround Letter tracks the performance of all recommendations from “Purchase” to “Sell”.

Bankruptcy Week (BankruptcyData.com) is a weekly newsletter that provides the latest bankruptcy news and analysis, synopses of high-profile Chapter 11 filings, emergence information, DIP financing, professional retention information, and more. BankruptcyData.com also provides a searchable online database designed to meet the needs of bankruptcy and credit professionals. BankruptcyData.com includes access to over 300,000 private and public business bankruptcy filings, as well as in-depth news and research on public company bankruptcies.

The Distressed Company Alert (DistressedCompanyAlert.com) is a weekly newsletter that monitors and reports on companies, with assets of $10 million or more, that are showing signs of financial distress. The Distressed Company Alert helps subscribers uncover short-selling opportunities and debts that are at risk of default or bankruptcy.

New Generation Research, Inc.
225 Friend St.
Suite 801
Boston, MA 02114
customersupport@bankruptcydata.com
1-800-468-3810

The above description was assembled using information from the publisher's site. All registered or unregistered trademarks referenced herein are the property of their respective owners, and no trademark rights to the same are claimed.

There are quite a variety of investment newsletter services available to investors today, which achieve a decent track record. In reality, however, many newsletters have not translated well for most investors that subscribe to them. The reason? Money management. Without the proper position sizing using the right money management tool, you are only dealing with half the formula for success.

Let's face it: if there was one consistently successful investment newsletter, then the word would spread rapidly, and that one investment newsletter would have more customers than the population of China. The reality is that there has never been such a success. Why? Because in the final analysis, 8 out of 10 investors fail due to one simple reason: position sizing.

The majority of investors who subscribe to investment newsletters think that the process is as simple as "Just give me your recommendations and let me become as successful as you are". Unfortunately, as money managers know, entry points account for very little in the overall success of a portfolio. Find out why!