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Sometimes a company, for whatever reason, just can't get it together.
Maybe it has a bad CEO, or a board that doesn't "get" accountability. Maybe it's doing business in a bad market, or it got beaten in the innovation stakes. Perhaps it's bad luck.
Whatever the reason, the pattern is familiar: The stock price languishes in the basement, headlines run negative, executives get replaced like lightbulbs, and lawsuits fly freely.
That's a pity, because some of these companies boast the infrastructure and expertise that, under the right leadership, could transform them into a gold mine – a true "turnaround."
Some household names that today are worth trillions of dollars combined are onetime turnaround stories: Apple Inc. (NASDAQ: AAPL), FedEx Corp. (NYSE: FDX), Amazon.com Inc. (NASDAQ: AMZN), Marvel Comics, Starbucks Corp. (NASDAQ: SBUX), Netflix Inc. (NASDAQ: NFLX) – all of them were at one point on "death watch."
Reversing such a company's failing fortunes can require deep shakeups, drastic moves, and immense changes…
Fortunately, the twilight end of cannabis prohibition here in the United States provides a business climate where that kind of creative destruction can happen more easily than it might otherwise.
Promising changes are underway at a few companies listed in our proprietary database right now, but one in particular deserves your hard-earned capital – because it has the real potential to return that capital in multiples.
About the Author
Greg Miller started working on Wall Street in September, 1987, just a month before the “Black Monday” stock market crash.
During his career there, he became an expert in just about every kind of publicly traded security - from blue-chip and small-cap stocks to municipals, junk bonds, and derivatives. As a portfolio manager, Greg was responsible for over $500 million of assets in mutual funds and insurance company accounts.
After leaving the Street, he designed a successful options trading strategy and made lucrative tech investments for a financial publication. He has also helped develop new products and worked with other editors to hone their strategies. He’s always been dedicated to deep, fundamental research - and he always will be - because he believes buying the very best companies at the right price is the best way to amass wealth in the stock market.
Greg, I've been reading your work since January. And I am grateful for your dedication and professional workmanship. I hope to meet up with you one day to shake your hand and to personally say Thank You.