Market Wrap - Stock Pick — Mr. Price

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Nolwandle Mthombeni from Mergence Investment Managers chose Mr Price Group Ltd as her stock pick of the day.

"In this kind of environment there's lots of volatility and we've seen a lot of JSE companies suffering due to debt so my pick would be Mr. Price. Cash is king and in this kind of environments you don't want to be stuck with a company where there's lots of gearing. 84% of Mr. Price's sales are from cash so the balance sheets are strong bearing in mind we had the GDP prints just a few weeks ago suggesting that there might be a potential contraction. Mr. Price might be expensive and has moved a lot in the last couple of days but it's a strong company and their cash generation is high."
14 Jun 2019 3AM English South Africa Business · Business News

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