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Turkcell (NYSE:TKC) is a Turkish wireless and telecommunications provider - the only Turkish ADR to trade on the NYSE. Turkey is a key emerging market, that is not talked about enough (which is a good thing actually).

With a business friendly environment and financial markets that are being molded for EU membership, Turkey is a great place to put money and one of the few ways to do it here in the US is by investing in Turkcell. At a mere 12 times forward earnings and a generous dividend of almost 3%, the company looks fairly discounted when you consider the $2 plus billion annual cash flow and 40% earnings growth.

There are political risks involved in putting money in Turkish equities, but the rewards are high. The stock has been performing quite well with gains of over 60% over the last 52 weeks. Incidentally, this is one of my Top 10 International Stocks.

TKC 1-yr chart:

Source: Turkcell: A Great Way To Invest In Turkey