Stock Watch - Stock picks — MTN and Electronic Arts
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Gerbrand Smit from N-e-F-G Fund Managers chose MTN as his stock pick of the day and Gary Booysen from Rand Swiss chose Electronic Arts.
Smit said: "I'm going for MTN, it has just been hammered for many reasons over the last few years. I just think it's too cheap on a cashflow basis, a B multiple and on a dividend yield multiple, they're doing the right things at the moment. A lot of negativity priced into their shares but I don't think it is going to take much to change the negative into a positive.
Booysen said: I'm going for Electronic Arts, an offshore company that specialises in video gaming. The company was founded in 1982 and for the second time in the company's history the management has increased their guidance so the company has really been a beneficiary of Covid.
Smit said: "I'm going for MTN, it has just been hammered for many reasons over the last few years. I just think it's too cheap on a cashflow basis, a B multiple and on a dividend yield multiple, they're doing the right things at the moment. A lot of negativity priced into their shares but I don't think it is going to take much to change the negative into a positive.
Booysen said: I'm going for Electronic Arts, an offshore company that specialises in video gaming. The company was founded in 1982 and for the second time in the company's history the management has increased their guidance so the company has really been a beneficiary of Covid.
