Share prices change all the time, so we are constantly being offered different opportunities each day and each week.
I'm always on the lookout for good opportunities. If I were handed $10,000 to invest today, these are some of the ones I'd be likely to buy:
Webjet Limited (ASX: WEB) – $2,000
The Webjet share price is down 28% since the middle of May despite the company showing impressive organic growth with promise of very useful synergies after its DOTW acquisition.
WebBeds is now one of the largest players in the world and there's still scope for the underlying earnings before interest, tax, depreciation and amortisation (EBITDA) to increase up to 50% according to management, which would prove very profitable for Webjet.
Earnings may be volatile if there's a global downturn, but Webjet looks cheap to me at only 13x FY21's estimated earnings.
WAM Global Limited (ASX: WGB) – $3,000
The smaller shares listed on the ASX and around the world haven't performed as strongly during 2019 with investors seeking the safety of blue chips to ride through the market volatility.
Listed investment company (LIC) WAM Global could be a good vehicle to try to get exposure to those opportunities. The WAM Global investment team only hold shares they think are opportunities, the share price is at a 15.5% discount to the NTA per share declared at the end of July 2019 which I think offers further margin of safety.
Management have been buying WAM Global shares over the past couple of months. I think a portfolio of shares like CME Group, American Express, Danone and HCA Healthcare at a good mid-teen discount is too good to miss.
Costa Group Holdings Ltd (ASX: CGC) – $2,000
The fresh food producer suffered a sell-off after its recent result, but the share price has since gone up 20% with investors perhaps thinking the worst of the news is over.
There is long-term growth in demand for Australian produce from both locals and overseas buyers. Costa is well positioned to profit from this, but it's important to pay the right price for a commodity-like business which can have ups and downs.
I think today's price could be a pretty good time to buy shares of this globally growing business, particularly if 2020 sees an end to its berry and citrus fruit issues.
Washington H. Soul Pattinson and Co. Ltd (ASX: SOL) – $3,000
The investment conglomerate has risen today with investors pleased by the TPG Telecom Ltd (ASX: TPM) report, one of its biggest holdings, but I think Soul Patts has a very promising long-term future.
It operates like a private family company, partly because it does have large inside ownership. But importantly this mindset means the company takes a truly long-term investment approach and helps its investments when it can.
A focus on companies with good cashflow has helped it be a gold-standard income share and it's steadily growing its earnings power by diversifying into new industries like swimming centres.
Foolish takeaway
In this uncertain market I'd rather be putting my money more into defensively-minded, diversified investments like WAM Global and Soul Patts. But I think the medium-term value offered by Webjet and Costa could be too good to ignore for growth investors.
