WATCH: Stock picks — ARM and Fortress
Mark du Toit from Courtney Capital Private Wealth and Ashraf Mohamed from Arqaam Capital talk to Business Day TV
Mark du Toit from Courtney Capital Private Wealth chose African Rainbow Minerals (ARM) as his stock pick of the day and Ashraf Mohamed from Arqaam Capital chose Fortress.
Du Toit said: “We like the fact that we have seen a lot of supplies coming out of the commodities space over the past 10 years. At this point, these companies are going to be throwing off a lot of free cash flow and ARM are still in the single-digit price-earnings multiple.”