Stock Watch - Stock picks — Pepkor and Aspen

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Mark du Toit from Oyster Catcher Investments chose Pepkor as his stock pick of the day and Nick Kunze from Sanlam Private Wealth chose Aspen

du Toit said: "I'm buying Pepkor tonight. It is an apparel retailer, it is in the value end of the business of the industry so it is less affected by the march to online sales. Stocks in in that bucket have been ignored by the market because everyone's gone for big tech stocks and more the online story. Pepkor or even Mr Price we will get a recovery in the earnings and at these levels I see a lot of value in the share prices."

Kunze said: "I'm going to stick with the medical theme tonight and I'm going for Aspen. At current levels we just think since this last set of earnings, those cash flows was much ahead of our expectations. Their cash flow was encouraging, working performance was good and the stock was down about R30 odd since they reported. With the sale of the thrombosis business as well, it's going to reduce their debt file by close on 40% so I think the stock to be rewarded accordingly"
12 Oct 2020 2AM English South Africa Business · Investing

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