Stock Watch
WATCH: Stock picks — Rhodes Food and Coinbase
Meryl Pick from Old Mutual Investments and Gary Booysen from Rand Swiss talk to Business Day TV
07 May 2021 - 09:22
Meryl Pick from Old Mutual Investments (https://youtu.be/Og_zlpHcOsE) chose Rhodes Food as her stock pick of the day and Gary Booysen from Rand Swiss chose Coinbase.
Pick said: “I am picking Rhodes Food Group, it’s a mid cap ... I cannot really understand why it trades at quite a large discount on a PE [price-earnings] multiple relative to its competitor Tiger Brands. This is a company that came out of nowhere and took market share away from the beloved Koo brand.”..
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