Seven Splendid Turnaround Stocks
In my last article, I wrote about how turnaround stocks may be a good place to invest right now and some ways to screen for these types of stocks. The screen I produced had 29 results. Here is a first look at seven of those:
Works co uk (LON:WRKS)
Investors will no doubt be aware of this chain of high-street shops. They describe themselves as "the retailer of affordable, screen-free activities for the whole family," which is a clever way of rebranding, given the evidence that excessive screen time can rewire children's brains in undesirable ways. This is one of the highest VM-Ranks, and when I reviewed it on last week's DSMR, I suggested this was only going to increase in the short term:
A strong recent share price aids the Momentum Rank:
In addition to the share price momentum, the company has recently demonstrated fundamental momentum by beating expectations. This is what they said last week:
Group compiled market forecasts for FY25 and FY26 are currently pre-IFRS16 Adjusted EBITDA of £8.5m and £10m respectively…
The Board expects that the positive momentum seen since...