Market Wrap - Stock Pick - Metair
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Caroline Cremen from Adviceworx chose Metair Investments Limited as her stock pick of the day.
"It just goes to show that if you have a good product like batteries and auto components and they have a niche market for things that cars are going to need periodically. It is relatively recession proof and they continue to do well. They also have a very good management team but what really surprised me is that they bought a Turkish business a few years ago and despite all the political problems in Turkey, Metair's results knocked my socks off as they continued to make a profit. You cannot ignore the expertise of the management team"
"It just goes to show that if you have a good product like batteries and auto components and they have a niche market for things that cars are going to need periodically. It is relatively recession proof and they continue to do well. They also have a very good management team but what really surprised me is that they bought a Turkish business a few years ago and despite all the political problems in Turkey, Metair's results knocked my socks off as they continued to make a profit. You cannot ignore the expertise of the management team"
