MTN GROUP Ltd. (NASDAQOTH:MTNOY)

drborst (53.20) Submitted: 3/23/2010 7:27:49 PM : Start Price: $14.94 MTNOY Score: -11.63

I'm starting to pay attention to South Africa. I think the entire cotinent is a huge long term growth oportunity with significant challenges. And those challenges amount to a moat for those who know how to do business and make money there. Much of Africa seems to be skipping landlines and going with cheaper mobile phone, South Africa is the stable base from which they grow (92% of the population has cell phones, a higher penetration rate that the US) and Nigeria is their growth market, only 42% cell phone penetration with a population of about half the size of the US.