Everyone loves a great comeback story. And in the stock market, few things are more satisfying than owning a stock on the cusp of its own massive turnaround. After all, many fortunes are made by the investors who succeed in buying great businesses:
- During times of maximum pessimism
- While they're being ignored and forgotten
- When they're being beaten down to bargain-basement levels.
Meet the turnaround tycoons
Those investors succeed because they see what other investors don't. More importantly, they're willing to bet big on the stocks they're certain will experience a reversal of fortune. The names behind this strategy include Buffett, Templeton, Price, and many more.
We probably can't help you with your contrarian spirit, but here are five possible turnaround ideas from our Motley Fool CAPS community. These are stocks that, despite being down 20% or more over the past year, have received a four- or five-star rating (out of five) from our pool of individual and professional investors.
