Market Wrap - Stock Pick — AB InBev

Independent Analyst, Liston Meintjes chose AB InBev as his stock pick of the day. "I'm staying with AB InBev, and one of the reasons is that they haven't been performing well for quite some time, but you know I do believe people drink beer and I do think that they have a fantastic global reach. We do know that they got into an over geared situation which is not good but they do have that wonderful thing called fast moving cash goods and as long as they're selling beer money, will roll in. The problems will go away over time and by the way it is totally free of any currency question, any South African political overtones and whatever may happen in the next two weeks it's not going to affect them."