Jonathan Fisher from PSG Wealth chose Berkshire Hathaway as his stock pick of the day and Deryck Janse van Rensburg from Anchor Securities chose FirstRand. Berkshire Hathaway is a US-based company, with a turnover of about $242bn and earnings of just less than $45bn. Fisher said: “This puts them at a profit margin of 18.6%. They are currently trading at a PE [price-earnings ratio] of 10.7. For a bricks-and-mortar-type business … they are quite successful.” Janse van Rensburg said that after the re-rating of the banks “it is a good idea to start building and nibbling at these SA Inc stocks as there will be some growth in SA”.
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