Q1 Return: -1%
Investor: Charles Sizemore
Luxury automaker Daimler (PINK:DDAIF) — carefully chosen by contest veteran Charles Sizemore — started the year off strong. Then, the same thing that hit GREK hit DDAIF: Europe.
As Sizemore put it in a recent update:
“The biggest reason for Daimler’s underperformance of late is that the maker of the iconic Mercedes Benz has the misfortune of being domiciled in Europe. The past month-and-a-half has not been kind to investors in European stocks.”
He then went on to list the pile of problems: the Italian election, the Spanish scandal and, once again, Cyprus. Thanks to those struggles, Daimler is 1% in the red year-to-date, bringing its 52-week losses to 11%.
Of course, that one-year return doesn’t matter for the contest … and those recent losses could simply mean potential upside for the final three quarters. For now, though, let’s just enjoy the irony: Charles normally hates the auto industry, yet big names like Ford (NYSE:F), Toyota (NYSE:TM) and Honda (NYSE:HMC) have been going strong lately, while his pick is lagging.