Just for fun, I participated in the Investor Place best stocks for 2012 thingie at the end of December. The challenge was to pick a name you could hold all year and I picked Latin American restaurant company Arcos Dorados ($ARCO). I’m doing okay so far, not great.
Jeff Reeves of IP asked for an update which is posted this morning…
As part of the Best Stocks for 2012 contest on InvestorPlace.com, my buy-and-hold pick for the year 2012 is Arcos Dorados (NYSE:ARCO). The stock is the Latin America-based largest McDonald’s (NYSE:MCD) franchisee in the world (over 1700 locations). (Read the original ARCO stock recommendation here)
Arcos Dorados shares are up over 5.3% year-to-date as of Monday’s open versus the Restaurant Industry Group’s 2.2% return and the S&P 500’s total return of 4.9%.
Disclosure: I am long the stock for client accounts, please don’t treat my affinity for the name as justification for you to jump in with both feet before your own research and consideration of whether or not it fits with your personal risk tolerance. There. I should be covered.