To at least some extent, this has been one of those "if it can go wrong, it will" years for South Africa's MTN Group (MTNOY.PK).
And yet, despite setbacks in Nigeria, Iran, and Syria, MTN Group
continues to post solid revenue growth, expanding margins, and excellent
returns on capital, while generating more cash than it needs to run the
business. While political risk is always going to shadow MTN Group,
this looks like an undervalued play on one of the best remaining growth
stories in mobile services.
Please read more here:
Taking Setbacks In Stride, MTN Group Should Be Ready To Outperform
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