WATCH: Stock pick — Old Mutual
Waldo du Plessis from Nitrogen Fund Managers talks to Business Day TV about his stock pick of the day
Waldo du Plessis from Nitrogen Fund Managers chose Old Mutual as his stock pick of the day.
“I’m going to go with Old Mutual. I think it’s still a quality business.... The stock is down around 17% from the announcement that Peter Moya was being investigated. I think it’s overdone, it’s a quality operation and at these levels of around R19.50 it looks rather cheap compared to its peers.”..