Wilhelm Hertzog: Steinhoff shares a "coin toss" - bonds, prefs much better bet
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On this week's Rational Radio show, Wilhelm Hertzog gave us his impressions of the long awaited Steinhoff Investor Presentation which he attended yesterday. In this insightful contribution, the co-founder of money manager Rozendal Partners also explains why those paying anything for Steinhoff's JSE-listed shares - even at 124c - are engaging in a gamble that's akin to a "coin toss". Those wanting a bet on an eventual recovery should rather investigate the company's bonds or even its preference shares. - Alec Hogg
