WATCH: Stock picks — pet food industry and FirstRand
David Shapiro from Sasfin Securities and Martin Smith from Anchor Capital talk to Business Day TV
David Shapiro from Sasfin Securities says to look at pet food industry for a stock pick and Martin Smith from Anchor Capital chose FirstRand.
Smith said: “The one area that’s beginning to attract me is the pet food industry. It’s a massive industry and I’ve never had enough time to really select one stock there, but let me put it this way, I haven’t got a direct stock ... but I am looking in that industry.”
Shapiro said: “I’m happy to have a little bit more cash than not at these levels. While I’m happy to be invested I still think there’s going to be a bit of volatility, so I’m keeping a little bit of powder dry. I will be buying FirstRand and I think they have some good upside potential from here.”
Or listen to the full audio:
Would you like to comment on this article or view other readers' comments?
Register (it’s quick and free) or sign in now.
Please read our Comment Policy before commenting.