No. 7: Turkcell
Return as of 3/30: +7%
Investor: Charles Sizemore
Charles Sizemore, editor of the Sizemore Investment Letter, has watched his investment slip to No. 6 since the mid-quarter update, though his Best Stock for 2012 — Turkish telecom company Turkcell (NYSE:TKC) — still is up a respectable 7%.
Sizemore continues to tout Turkcell’s strong positioning to profit from the growth of emerging markets, as well as TKC’s reasonable valuation.
Turkcell had a mixed bag in its most recent earnings report:
“Revenues grew 4% in what was a very difficult year for Turkey and emerging markets in general, and Turkcell’s subscriber base grew by 1.1 million to 34.5 million. The company expects 2012 revenues to grow by more than double 2011’s rate, driven by the increased popularity of data and mobile Internet plans.
Earnings took a hit, however, falling 33% due to a currency crisis in Belarus, where Turkcell has significant assets.”
Another interesting piece of potential for Turkcell is a return to a dividend. The company is embroiled in a power struggle, and through the ordeal, never made its expected payout. However, a settling of this dispute likely would result in the dividend going back to normal — which could feed a renewed gush of investor interest.