11 Mar Stock Watch - Stock Picks - Coronation Fund & Famous Brands

Paul Chakaduka from GT247.com chose Famous Brands as his stock pick of the day.

"Shorting Famous brands as there is still some more downside in the stock. Business has really been struggling in the last 3 - 4 years. Some of their acquisitions have not yielded the results that they hoped for and we are now seeing them trying to consolidate their business."

Gerbrand Smit from NeFG Fund Management chose Coronation Fund Managers

"It is sitting at around R43 a share with a hefty dividend yield which might be cut if their earnings come down a little bit, but, I think where we are in the markets we are pretty optimistic over a five year period going forward. If you believe that markets are going up locally you cannot choose a better place than a fund manager which is low on capital assets"
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