Opinions
Charles Lannon
Massmart Holdings
MSM-SJ
PAST TOP PICK
Mar 01, 2007
(A Top Pick Jan 9/07. Up 17%.) A South African retailer. A play on the black growing middle class. Continues recommending to Buy.
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TOP PICK
(South African exchange.) Like a Costco in North America without any Wal-Mart competition. When he goes into an emerging market he likes to use a financial or consumer stock because it gives quick access to the entire economy. Revenue growth in South Africa is about 15% versus 4% in North America. Yield of about 5.5%.
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