PriceMart ( PSMT), based in California, owns and manages international merchandising businesses that license and own warehouse-type retail-membership stores that sell basic consumer goods, including perishable foods. That's a concept that has worked well for several other U.S.-based companies. PriceMart's growth wrinkle is that it is taking the membership warehouse store premise international. "They've taken their concept to Latin America which is an absolutely booming area," said Hodges. The company now operates more than 20 stores in Central America, the Caribbean and Micronesia. "It's a position that we've been adding to and it is one of my favorites right now," he said of the stock. "We've been following them for about five years. "Same-store sales are up 15% to 20% (year-over-year) and they've been doing those numbers for many quarters unbeknownst to (Wall Street), and now they're starting to get some attention," said Hodges. PriceMart's shares are up 67% over the past three months, 94% this year and 159% over the past 12 months, and it has a five-year average annual return of 42%. The company has a market value of $2.2 billion.