A field guide to investing in turnaround stocks; some case studies and a few actionable ideas too
Great reading, thanks for sharing. I think MNRO is interesting here for sure. I think Icahn owns more than 17%. Think he owns about the same on swap.
Thanks! Yes, he’s got a lot more exposure. Some readers shared the filings on my write up, pretty confident this one gets sold
Yes, let's hope so !
Chrysler was Lynch's biggest turnaround bet. It cut costs hard after the 1979 loan guarantees and repaid the loans in 1983, seven years early, and he had it at Magellan's 5% limit by mid-1982 as it went from about $2 to $48 by 1987.
Great reading, thanks for sharing. I think MNRO is interesting here for sure. I think Icahn owns more than 17%. Think he owns about the same on swap.
Thanks! Yes, he’s got a lot more exposure. Some readers shared the filings on my write up, pretty confident this one gets sold
Yes, let's hope so !
Chrysler was Lynch's biggest turnaround bet. It cut costs hard after the 1979 loan guarantees and repaid the loans in 1983, seven years early, and he had it at Magellan's 5% limit by mid-1982 as it went from about $2 to $48 by 1987.