Market Wrap: Stock Pick — Mondi

Warren Jeffery from Nedbank Private Wealth chose Mondi as his stock pick of the day."So my stock pick of the day is Mondi, it's a global trader with a strong dividend yield of almost 4%. It is also trading on a PE (Price Earnings) of around 10 times. Their global diversification comes from that income stream which used to be quite a cyclical business but is becoming more and more none cyclical. You have a chance to buy it at a relatively cheap price right now and is probably a long term safe bet."