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David Shapiro on the coronavirus panic portfolio - it's all about deep value

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Financial intermediaries and stock brokers have been inundated with calls from anxious investors who have watched their investments rocketing back and forth amid panic around the fall-out from the spread of coronavirus. But, as respected South African stock market commentator David Shapiro points out: now is a good time to put together a "hospital" type portfolio of companies that have had their values harshly judged by investors who have cut loose. ArcelorMittal, Tongaat, Hulamin, Nampak, and PPC are going for fire sale prices and you can "buy South Africa for nothing", he says. But not Sasol - yet. Shapiro was speaking to BizNews founder Alec Hogg after stocks in the US and elsewhere plunged on the back of an oil price war and jitters over coronavirus. - Jackie Cameron Learn more about your ad choices. Visit megaphone.fm/adchoices
9 Mar 2020 8AM English South Africa Investing · Business News

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