Bidvest and McDonald's
Loading player...
Wayne McCurrie from FNB Wealth & Investments chose Bidvest as hi stock pick of the day and David Shapiro from Sasfin Securities chose McDonald's.
McCurrie said: "One share that still shows a little bit of value seeing as it was the subject we spoke about, came out with fantastic results today and that's Bidvest, why not. It looks good, they have good cash generation and whenever a company says things like "truly outstanding" or "exceptional" you know they're doing well. I mean the economy is still going to grow by 4% this year so they're looking well in an economy that hadn't really started any form of recovery. The valuations don't look unreasonable either."
Shapiro said: "Well with the rand at these kind of levels and people overseas spending like there's no tomorrow as they open up in the US and they're going into the summer and holiday season, I would say Nike for all the kids who are going to camp but I think McDonald's. McDonald's have repositioned themselves really well it's become a health food company now it's no longer those dirty burgers. I'm overly impressed with the way that they've restructured the business"
McCurrie said: "One share that still shows a little bit of value seeing as it was the subject we spoke about, came out with fantastic results today and that's Bidvest, why not. It looks good, they have good cash generation and whenever a company says things like "truly outstanding" or "exceptional" you know they're doing well. I mean the economy is still going to grow by 4% this year so they're looking well in an economy that hadn't really started any form of recovery. The valuations don't look unreasonable either."
Shapiro said: "Well with the rand at these kind of levels and people overseas spending like there's no tomorrow as they open up in the US and they're going into the summer and holiday season, I would say Nike for all the kids who are going to camp but I think McDonald's. McDonald's have repositioned themselves really well it's become a health food company now it's no longer those dirty burgers. I'm overly impressed with the way that they've restructured the business"
