David DriscollMassmart HoldingsMSM-SJBUYAug 11, 2008

(A Top Pick Dec 6/07. Up 26%.) (South African exchange.) Still buying. Like a Costco with no Wal-Mart competition. Revenue growth of 15%. Long-term hold.

(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%.

(Past Top Pick Feb 15/07. Down 8.5%.) General merchandise company. Dropped only because int. rates have been rising in South Africa where GDP growth is 6% to 8%. North America retail sales growth is 4% while theirs is 12%-15%. Stock trades at a PE of about 11.

Jan 9 2007. 24.5 % rise. A leading South African retailer. Very little credit sales. Great cash flow generator. He's still holding it.

(A Top Pick Jan 9/07. Up 17%.) A South African retailer. A play on the black growing middle class. Continues recommending to Buy.

One of the largest retailers in South Africa. Limited competition. Revenue growth is 15%-17%. Only take a half position.

Retail sales came in at 15% year-over-year in South Africa. Great cash flow generator. Great dividend growth track record.