WATCH: Stock pick — BAT
Steven Schultz from Momentum talks to Business Day TV about his stock pick of the day
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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