Market Wrap - Stock pick — AVI
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Steven Schultz from Momentum chose AVI as his stock pick of the day."
AVI is my pick and was on my radar for quite some time. It was up 8% on the day, it has a number of very strong brands including Five Roses and Bakers and everyone's stuck at home drinking tea and eating biscuits. AVI has an exceptionally strong balance sheet with low levels of debt and interest payments are comfortable serviced by free cash flows. For anyone feeling a little bit positive on a South African recovery this is one of those recovery stocks that can be bought at a decent price."
AVI is my pick and was on my radar for quite some time. It was up 8% on the day, it has a number of very strong brands including Five Roses and Bakers and everyone's stuck at home drinking tea and eating biscuits. AVI has an exceptionally strong balance sheet with low levels of debt and interest payments are comfortable serviced by free cash flows. For anyone feeling a little bit positive on a South African recovery this is one of those recovery stocks that can be bought at a decent price."
