Best Stock for 2013: Daimler
First up, we have money manager and stock picker Charles Sizemore, CFA. He has a pretty good track record in the contest, winning the gold in 2011 by picking Visa (NYSE:V) and barely missing a repeat in 2012 with Turkcell (NYSE:TKC).
This year, though, he’s switching things up with an automaker stock. Namely, Daimler (PINK:DDAIF) — maker of the iconic Mercedes-Benz.
Why?
In the end, it boils down to one simple reason: It’s pretty darn cheap … especially considering it makes such a well-known and popular luxury model.
“Daimler trades at accounting book value and for just 0.39 times sales. It also has €46 billion in cash short-term investments, and receivables — and a market cap of just €44 billion,” Charles explains. “Yes, the cash in the bank and receivables are actually worth more than the entire company at current prices.”
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