Ashish Kacholia backs 2 turnaround stocks

Ashish Kacholia continues to back two turnaround stocks despite declines of up to 40% from their highs.

One stock is down 40% from its peak; the other is down 28%, and Kacholia has added more of the latter to his portfolio.

Both holdings have grown profits in triple digits on a compounded basis over the last five years.

Both companies have managed their debt well, supporting Kacholia's investment thesis.