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Securities bought and sold for settlement on the same day. Also describes a firm that has been performing poorly, but changes its financial course and improves its performance.


1. A change in a security's price trend, especially from a downtrend to an uptrend. See also: Reversal.

2. A change in a company's situation from one of losses or low profitability to one with higher profits.

3. To buy a security, then to sell in the same trading day. See also: Day trader.


1. The process of moving from a period of losses or low profitability into a more profitable stage. A turnaround may be triggered by a number of factors including a better use of assets or the development of new products and services.
2. A security that is in the process of reversing a declining price trend.
3. The purchase and sale of a security on the same day.
References in periodicals archive ?
The Turnaround Management Association is the leading organization dedicated to the turnaround management, corporate restructuring and distressed investing disciplines.
Recently, Radco successfully managed numerous turnaround projects including a condominium project it "deconstructed" to an all-suites hotel in Atlanta, GA; a 37-story condominium project in Chicago, IL; and an 18-story mixed-use development in Boston, MA.
A key factor in successful turnarounds is a well-coordinated team consisting of turnaround consultants, CPAs, bankers, attorneys, M & A specialists, union representatives, etc.
I'm talking about the mission statements that have real power because they are the cornerstones of legitimate business turnaround programs directed by executives who are committed to positive change in themselves and their organizations.
Collard is a Certified Turnaround Professional (CTP), and a Certified International Turnaround Manager (CITM), who brings 35 years senior operating leadership, $85M asset and investment recovery, 45+ transactions worth $780M+, and $80M fund management expertise to run troubled companies, serve on boards, advise company boards, litigators, institutional and private equity investors, and raise capital.
The award winners will be announced at the 5th Annual Distressed Investing Summit and Turnaround Awards Gala on Monday, March 7th at the Colony Hotel in Palm Beach, Florida.
Find resources that can help management advocate the turnaround plan to the world and act as an "'honest broker," eliciting the cooperation of private equity sponsors and lenders simultaneously.
It is the objective of the Turnaround Management Society to bring together the knowledge of turnaround management academics and the experience of turnaround management professionals.
Seven out of 10 respondents to the September 2008 Turnaround Management Association's annual Trend Watch poll said engagements and revenue have increased by at least 10 percent since last year.