What do you love, in the time of corona? The question is inspired from the title of the famous Gabriel Garcia Márquez book, set in a period of cholera epidemic. We are in a similar situation. Much like the book’s protagonist Florentino Ariza, in times of market carnage like the one we are facing due to Covid-19, it is difficult to maintain a sense of equanimity. In the present milieu, many investments offer mouth-watering valuations for good businesses. But, my love for a clean, strong balance sheet and transparent management draws me towards Nesco, which has a history of healthy return ratios combined with an attractive valuation (that could get cheaper).
My Best Pick 2020
Mehul Bhatt is sticking with an old favourite in the time of corona
Nesco, with its enviable real estate assets, well-managed cash-flow and competent management, looks like a good place to move into
Published a year ago on Apr 09, 2020 • 5 minutes Read