The Unintelligent Investor

With the current knowledge of the corona virus, Covid-19 seems to be more contagious than the flu, but not much more deadly. Because we are so used to the flu, we tend to forget that hundreds of thousands of people die from the seasonal flu every year. Therefore, the huge precautions taken by politicians - and companies following in their politically correct, but scientifically incorrect steps - will probably have worse consequences than the corona virus itself. Shutting down airports, train stations and even entire cities is exactly creating the economic downturn the measures try to prevent. 

Balta Group is a producer of textile floor coverings in 4 segments: Rugs (area rugs for indoor and outdoor use), Residential ( wall-to-wall carpet and carpet tiles for private use), Commercial (wall-to-wall carpet and carpet tiles for commercial use) and Non-Woven (needle felt, carpet backing and technical non-wovens). Balta Group has almost 4.000 employees and exports its products to 139 countries worldwide.

Ontex Group is an international producer of personal hygiene solutions in baby, feminine and adult care. Their products are distributed in more than 110 countries through retailer private labels and own brands. Its most important competitor is Pampers.

At € 7,59 Bpost is priced low: the P/E is at less than 8, the P/S is at less than 0,5 and the price to cashflow is at less than 4.