Fast Money's Turnaround Stocks Portfolio - Stockpickr! Your Source for Stock Ideas

Fast Money's Turnaround Stocks

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Created by barrons3

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Date updated:09-09-2009

Guy Adami and Karen Finerman are closely watching two stocks that are starting to look like turnaround stories.

IR
Ingersoll Rand Lt
$35.24
-1.62%
$34.59

Last year they bought the Trane HVAC business, explains Karen Finerman. In other words, at the worst possible time, they transformed their company into a firm that is dependent on commercial construction. It's no surprise that since the acquistion they've been suffering. However, they’ve recently been able to refinance their debt and it looks like the construction market is starting to come back. As a result I have the stock on my radar but I’m not be a buyer yet, she says.

People owning IR also tend to own: AHS CHK CVS F GS LLY LOW

TheStreet.com Rating: C- What is this?

MTW
Manitowoc Co Inc
$9.90
-3.79%
$9.82

At $7.50 it’s worth the bet that the company is going to turn around, said Guy Adami.

People owning MTW also tend to own: AOD ARD CVX FCX GE HW OSK

TheStreet.com Rating: D+ What is this?

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