With the U.S. economy on the rocks, savvy investors are looking for refuge among fast-growing foreign markets. We took you on a trip around the world in 80 sentences to find the best-performing international companies.
Then, we invited you to participate in our Motley Fool CAPS community and voice your opinions on the best international stocks. Now the votes are in, and we're ready to declare a global winner for 2008.
Falling a little bit short
The competition was fierce. While there were two clear leaders, several companies battled for the bronze. Mexican wireless provider America Movil
By a nose, third place goes to Chinese search engine Baidu.com
Feasting on success
Our second-place finisher is a classic defensive play. With Brazil's skyrocketing stock market making investors nervous, Sadia
But based on the company's actions, Sadia doesn't see a global recession in the cards. It's ramping up its production capacity around the world. It hopes to increase exports of its name-brand processed foods, in order to build customer loyalty and brand recognition. And a recent drop in its share price has investors salivating like pork lovers at a luau.
Building a winning foundation
In the end, though, our readers wanted something a little more solid than just a good meal. Looking south of the border, investors overwhelmingly chose Mexican cement-maker Cemex
After taking top prize in our Black Friday Bargain Stock contest last Thanksgiving, Cemex has kept up the momentum. And even though winning analyst Anand Chokkavelu is under no illusions that the company's high growth can continue indefinitely, he does think that Cemex will keep profiting from strong economies -- wherever they may be. Combined with an attractive stock price, that was enough to convince readers to give Cemex the top spot.
The game never ends
Even if your favorite stock didn't make it to the winner's circle, that doesn't mean you won't be a winner. Keep tabs on your stock picks on Motley Fool CAPS and find out what more than 83,000 other investors think about companies both close to home and across the globe.