Porter made a recommendation of investing in a distressed bond of Rite Aid pharmaceuticals and the purchase of its shares to create a synthetic convertible bond position in October. The first recommendation by Stansberry was in March 2008 and was able to earn over 56% return to the investors. The second came in 2009 which encouraged the subscribers to invest in Rite Aid which led to people making 773% returns and becoming one of the best recommendations of the Stansberry Company (http://reporterexpert.com/stansberry-research-marijuana-investing/).
A convertible bond can be able to be changed to shares of a company. The advantage of a traditional bond is that a thousand dollar investment can bring about higher returns. However, not all bonds are convertibles. If the stock of a company is cheap purchasing, it can bring about the same advantage as the convertible. Rite has a history of fast growth and taking in debt, but it always has high returns at the end. One can be able to take advantage of this situation to make capital for themselves.
Stansberry Research is a publishing company based in Baltimore, Maryland (Thedailyrecord). The company runs its operations all over the country with additional offices in Oregon, Florida, and California. The firm primarily deals with investment research and helping its subscribers make informed decisions before starting. The company reaches out to the subscribers through newsletters and journals that are in the energy industry, healthcare facilities, and technology. The company has subscribers from all over the globe.
Mr. Porter Stansberry leads the activities of the company as he is also the founder. He was the editor of The Fleet Street Letter before establishing Stansberry Research. Stansberry Research has a publication called True Wealth which was initiated by Steve Sjuggerud in 2001. The company offers unbiased investment plans to investors who have been well researched by Stansberry experts.
The company deals typically in the maximization of incomes, value investment, options, financial market and the analysis of macroeconomy. The Stansberry insight to the market trend has made it one of the best investigative firms in the financial sector.