The following commentary comes from an independent investor or market observer as part of TheStreet's guest contributor program, which is separate from the company's news coverage.
By Dave Sterman
NEW YORK ( StreetAuthority) -- The appeal of investing in turnaround stocks is very compelling.
Some companies look to revamp products to re-invigorate sales growth. Others find ways to slash expenses and unlock major profit-margin gains. Still, others look to clean up a debt-laden balance sheet, which is often a key reason for investors to disregard a stock. No matter the plan, long-depressed shares can get a new life as these moves pay off.A portfolio filled with turnaround candidates is a bad strategy. Even the best turnaround plans often go askew. Still, stocking your portfolio with one or two potential rebound candidates can help you beat the market averages. Here are three potential turnaround stocks I'm watching closely. Some of these ideas may fail to gain traction, but holding a basket of these should pay off. 1. Wendy's (WEN) Roughly a month ago,
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