Trustnet Magazine 85 June 2022 | Page 38

YOUR PORTFOLIO

If the business is structurally sound , it may be that once the bad news is out of the way and the company has taken the right steps to deal with it , the share price doesn ’ t react immediately and there is an opportunity

positive catalyst as he introduced a ‘ customer first ’ culture and Alphabet has demonstrated improved competitiveness in this part of the business over the last three years . Reporting disclosure has steadily improved – although we would like it to improve further – which gave us sufficient confidence to buy Alphabet shares again when they de-rated in 2022 .” Finally , there are old-fashioned valuation considerations . Jones saw this with Advanced Micro Devices , which he bought in June 2019 . He expected it to take market share off
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