Investing in turnaround situations

Investing in turnaround situations, Story of Dempster Mills and Havells India

For many value investors investing in turnaround situations is a simple ‘No’, they go buy what Warren buffet wrote few years ago  

Both our operating and investment experience cause us to conclude that “turnarounds” seldom turn, and that the same energies and talent are much better employed in a good business purchased at a fair price than in a poor busi…