Some links
Two links to Q1 fund letters: Link 1 & Link 2 (h/t Valueinvesting World)
A great story about the Luckin Coffee fraud
Great long read on Exxon and their current issues
Some deep thoughts on (US ) airlines (fuel hedging, network effects, Southwest)
The Undervalued Shares blog on activist investing in Germany/Europe (Agfa Gevaert)
The currently very productive Profit Hunting blog looks at Brookfield Infrastructure Partners
It might still take a while before “Value stocks” come back
value and opportunity 
By the way, regardless of Corona the Agfa/Dedalus-Deal closed yesterday – this is big:
https://www.healthexec.com/topics/healthcare-economics/agfa-gevaert-healthcare-it-dedalus-1-billion
Thank you for the Agfa Gevaert update – hopefully, this is going to be a Sapec SA 2.0
This is my favorite Special Situation for 2020, lets wait and see what happes on May 12th…