Market Wrap - Stock pick — AVI
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Graeme Franck from PSG Wealth Sandton Grayston chose AVI as his stock pick of the day.
"I'm going for AVI, a consumer goods company who has brands like Bakers, Freshpak Rooibos, Five Roses and Spitz shoes etc. An extremely well managed business and the price has been a little high in the past, but in an environment like this you are offered a chance to get into the stock at lower levels. The stock is currently just under R75 a share on a PE of around 14 times multiple. "
"I'm going for AVI, a consumer goods company who has brands like Bakers, Freshpak Rooibos, Five Roses and Spitz shoes etc. An extremely well managed business and the price has been a little high in the past, but in an environment like this you are offered a chance to get into the stock at lower levels. The stock is currently just under R75 a share on a PE of around 14 times multiple. "
