10 Best Stocks for 2014: MTN Group (MTNOY)
Investor: Charles Sizemore
While Anthony Mirhaydari is betting against emerging markets in 2014, Charles Sizemore is ignoring them and instead banking on frontier markets — namely, Africa — for his 10 Best Stocks for 2014 group.
Sizemore’s entry is MTN Group (MTNOY), a South African telecom boasting more than 200 million customers across 22 countries in Africa and the Middle East. As Sizemore recently wrote, MTN Group could easily win the 10 Best Stocks for 2014 contest because the African market has “virtually unlimited growth potential,” while MTNOY stock is reasonably priced and pays a dividend.
And you best believe that Sizemore knows what he’s talking about. His pick of Daimler (DDAIF) is currently the leader in our 10 Best Stocks of 2013 contest, his pick of Turkcell (TKC) got nudged out of the top spot by a mere nose last year, and his pick of Visa (V) won the prize in 2011.
Don’t be surprised if Sizemore keeps up his stellar performance with MTN Group in the 10 Best Stocks for 2014 contest.