Market Wrap - Stock Pick — BidCorp

Imtiaz Suliman from Sentio Capital chose BidCorp as his stock pick of the day. "I'm going with BidCorp, they have a very defensive model whereby they are rolling out food services to smaller food retailers and restaurants. Their margins have also been increasing as they add on new services such as daily deliveries. Their model is competing well against their peers and they are growing organically at a rate of 3%. When you add acquisitions to that giving you growth of 6% to 7% in hard currency which makes it very attractive from that perspective."