Stock pick — Rhodes Food and Coinbase
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Meryl Pick from Old Mutual Investments chose Rhodes Food as her stock pick of the day and Gary Booysen from Rand Swiss chose Coinbase.
Pick said: "I am picking Rhodes food group, it's a mid cap which I cannot really understand why it trades at quite a large discount on a PE multiple relative to its competitor Tiger Brands, and so this is a company that came out of nowhere and took market share away from the beloved KOO brand.
Booysen said: "I'm going to for a super speculative stock pick in Coinbase which is recently listed overseas on the Nasdaq. It's essentially it's a crypto exchange and we always get asked about trading crypto."
Pick said: "I am picking Rhodes food group, it's a mid cap which I cannot really understand why it trades at quite a large discount on a PE multiple relative to its competitor Tiger Brands, and so this is a company that came out of nowhere and took market share away from the beloved KOO brand.
Booysen said: "I'm going to for a super speculative stock pick in Coinbase which is recently listed overseas on the Nasdaq. It's essentially it's a crypto exchange and we always get asked about trading crypto."
