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P/E of 9 and amazing demographics -- what's not to like?
George Friedman of Stratfor.com picked Turkey as one of his three chosen leaders of the next century, and I can't help but agree. It's an emerging market, a secular Muslim nation surrounded by a sea of unreformed Islamists, and serving as a gateway to the quasi-atheist Western Europeans and the orthodox Eastern Europeans...
Turkey (aka Asia Minor) has been the path between Europe and Asia for millennia. No reason for it to change anytime soon.
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A likely beneficiary of any economic collapse.
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It's been a dog for the past year, but looking up for 2012.
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Should do well in 2010 on the back of improving economic activity.
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Turkey is a key east/west bridge. It has historic relavence and is increasingly important for us a trading partner and ally. They hold strategic influence in the middle east (particularly as they control a large portion of the water supply). They are flirting with EU membership in some form (either as an outright member, or as a "special trading partner"). All of this identifies Turkey as a market of increasing importance and thus it will see natural growth. I expect turkey to outperform for at least the next three years.
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Turkey is one of the world's hottest markets and will remain so for the next 2 to 5 years
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