#10 in the Best Stocks for 2014 Contest: MTN Group (MTNOY)
Investor: Charles Sizemore
YTD Return: -17%
Charles Sizemore is sitting in an unfamiliar position just a few weeks into our Best Stocks for 2014 showdown. See, Sizemore isn’t just a contest veteran … but a contest superstar.
His pick of Daimler (DDAIF) won the 10 Best Stocks of 2013 contest with an eye-popping 65% climb, his pick of Turkcell (TKC) got nudged out of the top spot by a mere nose the year before, and his pick of Visa (V) won the prize in 2011.
That’s a far cry from where his 10 Best Stocks for 2014 entry of MTN Group (MTNOY) is sitting. While the African market might have “virtually unlimited growth potential,” according to Sizemore, investors have been skittish in the face of MTN Group’s falling revenue share in that market. So far in 2014, shares of MTN Group have lost 17% — four times more than the broader market’s slide.