The neglected art of the turnaround
With the market — until the recent meltdown — mostly enamoured of high-flying growth stocks, the art of the turnaround has been much neglected by investors. Some business turnaround efforts have been truly painful for investors. But it is possible to pick turnaround situations that are hugely rewarding — and there have been more than a few that have earned the legendary, portfolio-altering “10-bagger” status.