Market Wrap - Stock Pick — Bid Corp
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Craig Pheiffer from Absa Stockbrokers and Portfolio Management chose Bid Corp as his stock pick of the day.
"I'm going locally with Bid Corp, they reported not so long ago with a decent set of numbers of around 11% to 12% earnings growth. They are a global food services company and I think following that Bidvest model of being decentralised and organising their capital well. With a 20 PE it does come down over the next two years but it's a good one to have in your portfolio."
"I'm going locally with Bid Corp, they reported not so long ago with a decent set of numbers of around 11% to 12% earnings growth. They are a global food services company and I think following that Bidvest model of being decentralised and organising their capital well. With a 20 PE it does come down over the next two years but it's a good one to have in your portfolio."
