what does turnaround investing mean
DEFINITION of 'Turnaround'. The financial recovery of a company that has been performing poorly for an extended time.In order to effect a turnaround, a company must acknowledge and identify its problems, consider changes in management and develop and implement a problem-solving strategy.In some cases, the best strategy may be to cut losses by liquidating the company rather than trying to turn it around. Next Up.n order to effect a turnaround, a company must acknowledge and identify its problems, consider changes in management and develop and implement a problem-solving strategy. In some cases, the best strategy may be to cut losses by liquidating the company rather than trying to turn it around. Next Up.