WATCH: Stock picks — BAT and Nike
Wayne McCurrie from FNB Wealth & Investments and David Shapiro from Sasfin Securities talk to Business Day TV
McCurrie said: “I’m going back to a perennial favourite and that is British American Tobacco. It’s a 6% dividend yield, it’s in a single-digit price earnings ratio and the price hasn’t really recovered dramatically since the big fall-off that we saw, this has generated serious cash flows.”
Shapiro said: “I was looking through Nike’s numbers and they are absolutely outstanding. They are back in profit and the reason that I bring it up is just that I wish our apparel retailers could actually look at the Nike model.”
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