CWK - CBRE: A Strong Brand Well-Positioned To Benefit From Structural Tailwinds Over Time
Investment thesis overview
CBRE stock price has been hit pretty hard and valuations are now depressed as we believe investors are one more time focusing on short-term data and are drawing conclusions from them.
To be fair, recent data are horrible (US commercial real estate transactions are down 70% yoy in April) and will likely remain depressed for the coming months due to the coronavirus. How a stock facing such fall in business activity could perform over the next weeks or quarters ? This question is likely in the head of most investors given their