GBLBY - Groupe Bruxelles Lambert: Diversified And Discounted

The coronavirus outbreak has been anything but positive for the global economy, but for value investors it has offered a number of opportunities that were not previously available. One such opportunity is Belgium-based investment firm Groupe Bruxelles Lambert S.A. (OTCPK:GBLBF) (OTCPK:GBLBY), a diversified player that I believe is currently undervalued.

Founded in 1902, Groupe Bruxelles Lambert is a holding company with sizable stakes in many of Europe's industry-leading firms. German athletic apparel firm Adidas AG (OTCQX:ADDDF) (OTCQX:ADDYY), German food processing industrial GEA Group AG (OTCPK:GEAGF)