Market Analysis
WATCH: Stock pick — BAT
Steven Schultz from Momentum talks to Business Day TV about his stock pick of the day
05 May 2020 - 10:58
Steven Schultz from Momentum chose British American Tobacco (BAT) as his stock pick of the day.
"My stock pick is a rather conservative one and it is BAT, which traditionally has been an exceptionally defensive counter and which I like. Obviously, one can question the trend of tobacco but the reality is today it's exceptionally cheap, it trades at a 24 month forward PE over 8 which I think is an absolute bargain."..
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