Stock Watch - Stock picks — Berkshire Hathaway and Microsoft
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Jonathan Fisher from PSG Wealth Sandton Grayston chose Berkshire Hathaway Inc as his stock pick of the day and Nesan Nair from Sasfin Securities chose Microsoft
Fisher said: "Berkshire Hathaway is a US based conglomerate involved in insurance, freight, rail transportation, utility businesses and reinsurance. Basically the company is sitting on a market cap of $476bn and just looking at the share price now this is the A-share is it at $295,000 a share and at their last earnings per share number which was for the year-end December now 2019, $49 000 per share. That puts them on a PE of around 5,9 times. That is very expensive but your viewers can go for the Berkshire B share which I think's trading at about $195"
Nair said: "Microsoft has a lot of cash so I think in this time if you could could identify which companies are being sold off for no reason and I think the tech stocks with their huge cash piles and their big global market shares are going to be around after COVID-19 and now is just an opportunity for you if you didn't get that opportunity late last year to actually start topping up on these things."
Fisher said: "Berkshire Hathaway is a US based conglomerate involved in insurance, freight, rail transportation, utility businesses and reinsurance. Basically the company is sitting on a market cap of $476bn and just looking at the share price now this is the A-share is it at $295,000 a share and at their last earnings per share number which was for the year-end December now 2019, $49 000 per share. That puts them on a PE of around 5,9 times. That is very expensive but your viewers can go for the Berkshire B share which I think's trading at about $195"
Nair said: "Microsoft has a lot of cash so I think in this time if you could could identify which companies are being sold off for no reason and I think the tech stocks with their huge cash piles and their big global market shares are going to be around after COVID-19 and now is just an opportunity for you if you didn't get that opportunity late last year to actually start topping up on these things."
