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Days like Friday can make even the sanest investors lose faith in this stock market. But if you listen to Cramer, you’d know that this is the time to trim back on some American stocks that are getting beaten down by our less-than-stellar economy and load up on high-growth international plays – that’s where the real money is in this market and it’s no better illustrated than in Turkcell [TKC  Loading...      ()   ], the Turkish telco giant.

Why the fuss over wireless? Here at home the wireless market is fully saturated, meaning just about everyone who wants a cell phone already has one. But that’s not the case overseas. Turkey had been an under-penetrated market for a long time, although it is suggested that by the end of this year it should reach 100% penetration. Could that stem Turkcell’s unbelievable growth (just check out the 5-year chart)? Cramer doesn’t think so.

Turkcell has a plan. Taking a page from the old Ottoman Empire, the company is going out and colonizing other countries with low wireless penetration. It currently has stakes in wireless companies throughout the old Soviet block – from Ukraine to Kazakhstan to Georgia. In time, these countries should make a nice contribution to Turkcell’s bottom line. But for now, the company’s core Turkish operations should hold up just fine as far as Cramer can tell.

Both of Turkcell’s major competitors – Avea and U.K.-based Vodafone [VOD  Loading...      ()   ] – have been cutting prices aggressively, yet Turkcell took the other route and raised its prices. What happened? It added more subscribers than both its competitors and increased revenue per user, all because of its strong brand and higher quality service.

And that’s not all that Turkcell has going for it. Watch the video to find out about its weak-dollar advantage, the possibility of a buyback and more.


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