Joseph Busha from JM Busha Investments chose Barloworld Ltd as his stock pick of the day and Ashraf Mohamed from Arqaam Capital chose Coronation Fund Mngrs

Joseph said "in a tough economy Barloworld has done very well and looking at headline earnings per share they are all double digits and then if you include the discontinued operations you are looking at about thirty five percent. Your earnings momentum is going faster than your price momentum which means there is an opportunity for growth"

Ashraf Mohamed who chose Coronation Fund Managers as his stock pick of the day said that Coronation certainly have picked a couple of the wrong stocks over the past fifteen months but we should be coming to the end of that road. The most recent disaster was Aspen and AUM started stabilising, net outflows have started turning into inflows so in my view its a stock that is nearing the bottom but you have to take a six to twelve month view on it and you'll start seeing the turnaround in profit"