The share market has been through quite a rollercoaster over the past few weeks. Some shares are trading at much cheaper prices because of the coronavirus impacts.
There are some shares that have been sold off heavily in such unique circumstances that we hopefully won't see again for at least another century.
Here are three shares you may regret not buying during this bear market:
REA Group Limited (ASX: REA)
The owner and operator of realestate.com.au has seen its share price drop by 30% since the start of the falls. It was down 43% last week.
The property market has almost come to a standstill with auctions and open houses currently banned. Digital advertising is important to get any sales across the line in the current conditions, but the volume of house sales is going down. That's bad for REA Group in the short-term.
However, the coronavirus won't always be affecting Australia. The normal operations of the property market will return to normal later this year when life returns to normal.
Today's share price could seem really cheap when people focus on how low the interest rate is.
It's currently trading at 25x FY22's estimated earnings.
SEEK Limited (ASX: SEK)
The SEEK share price is down 36% since 21 February 2020. It was down 48% at one point last week.
An employment business is obviously going to be one of the businesses hit hardest during a time like this. The number of unemployed in Australia is rapidly rising. China also went through a tough time earlier in the year, but China now seems to be getting back to normality – this is good for SEEK's stake in Zhaopin.
There's a lot of stimulus out there in the world and it should help the economy and employment numbers remain higher than they otherwise would.
With low interest rates, SEEK could prove to be attractively cheap at these prices.
It's trading at 22x FY22's estimated earnings.
Brickworks Limited (ASX: BKW)
The Brickworks share price is down 34% since 20 February 2020. The building products business has seen its short-term prospects deteriorate with construction likely to go into a bit hibernation as well.
However, the economy will be getting back to normal at some point. In the meantime, Brickworks has its other assets of the industrial property trust and 'investments' to back up its market capitalisation and continue to provide reliable earnings and cashflow.
We won't often get the chance to buy shares of Brickworks with a 6.3% grossed-up dividend yield.
Foolish takeaway
These three ASX shares are large, reliable and been hit heavily over the past several weeks. I think each of them are great long-term opportunities today.
