Whilst the market crash we have witnessed over the last six weeks is disappointing, every cloud has its silver lining.
The silver lining on this dark cloud is that a number of popular shares are now trading at a fraction of what you would have paid in February.
Three shares that I think are now trading at very attractive prices are listed below. Here's why I would buy them when the market volatility eases:
Altium Limited (ASX: ALU)
Altium is a printed circuit board (PCB) design software provider. Prior to today, its shares were down around 40% from their 52-week high. I think this has left them trading at a very attractive level for a long-term investment. Particularly given Altium's outstanding growth potential over the next decade thanks to the Internet of Things boom. This has been driving increasingly strong demand for its Altium Designer software and looks set to continue doing so for some time to come.
Kogan.com Ltd (ASX: KGN)
I think this ecommerce company could be worth a closer look. Prior to today, its shares were down 38% from their 52-week high and at a level that could prove to be a bargain buy in the future. Given how the company's business is entirely online, it looks well-placed to benefit from the closure of retail stores nationwide because of the coronavirus outbreak. This could mean it builds strongly on the solid half year result it delivered February, which saw the company post a 16.4% increase in gross sales and a 20.8% lift in net profit after tax to $8.9 million.
Pushpay Holdings Ltd (ASX: PPH)
Pushpay is a fast-growing donor management system provider. Its shares are down by almost a third from their 52-week high even though it recently upgraded its guidance. Despite the closure of churches in the United States, demand has remained strong for its platform. As a result, in FY 2020 it expects its EBITDAF to between US$25 million and US$27 million. This compares to its prior guidance of between US$23 million and US$25 million. Whilst this will be a big lift on FY 2019's EBITDAF, I believe it still has a significant runway for growth over the coming years. This is thanks to its massive market opportunity and leadership position within it.
