The S&P/ASX 200 Index (ASX: XJO) is down again today after the US banned all travel with Europe for 30 days.
Whilst the human and healthcare side of things is terrible, it is presenting investors with much cheaper share prices to take advantage of.
Some businesses have risky balance sheets, whereas others have quality balance sheets with good cashflow which should see them through any problems.
Here are three ASX 200 shares I'd be very happy to buy today:
Brickworks Limited (ASX: BKW)
Australia's leading building products business has seen its share price fall 22% since 21 February 2020. Brickworks has been one of the most stable businesses over the past few decades.
It has a few different divisions which help it in the good times and the bad. Its building products divisions in Australia and the US are somewhat cyclical, but they have long-term growth prospects thanks to growing populations in both countries and the constant urban renewal of our towns and cities.
Brickworks also owns 50% of an industrial property trust with Goodman Group (ASX: GMG) which builds and leases out high-quality property for industrial businesses.
Finally, it owns a large holding of Washington H. Soul Pattinson and Co. Ltd (ASX: SOL) shares which provides long-term growth of dividends to Brickworks.
Brickworks is a great business which is very effective at planning ahead to make the best of the next property cycle.
REA Group Limited (ASX: REA)
REA Group is another business which has already been around for a long time. It is integral for people wishing to buy and sell property.
The coronavirus will be a one-off event and eventually buying and selling Aussie property will go back to normal. When it does, REA Group will be well positioned as the market leader and it also has great unit economics and good cashflow.
REA Group's stakes in overseas property sites is also a very compelling opportunity for the long-term.
It has fallen over 6% to under $90 today.
Altium Limited (ASX: ALU)
I think Altium is one of the highest-quality businesses on the ASX. And that won't change during this outbreak, indeed I think it's this type of event that will highlight how strong a setup Altium has as a software business with a strong balance sheet and good profit margins.
Altium is well positioned to easily ride through this and get to the other side comfortably. There may even be an opportunity to make a bolt-on acquisition or two at a cheaper price due to this outbreak.
The Altium share price fell another 6.5%, I think it's now looking very attractive for a long-term buy.
Foolish takeaway
There may be more volatility ahead, but remember that Australia's interest rate is now incredibly low. At some point shares will stop falling and then they will look very cheap compared to all other assets. I plan to keep investing during this market meltdown.
