Opportunity?, page-91

"But none of these will provide any assistance to the share price over the foreseeable future, I don't think, so I've got this one wrong."

Shows how little I know when it comes to predicting share price movements.

No matter; here's the updated snapshot of the valuation appeal, compared to the throes of the Covid crash in March 2020:



As can be seen, when viewed as a fixed income proxy, in March the stock was priced at record levels of "cheapness".

Today, valuation-wise, it's line-ball.

Accordingly, it being a low-conviction investment, I sold all my ABC shares today.

Investing lesson: if you are able to develop a good feel for fundamental value of a business, and you can buy it with sufficiently large margin of safety, then you can still protect and even enhance the value of your capital even if things don't go to plan (in this case they lost a meaningful supply contract in the intervening period).

I got this one a bit wrong, I feel.

Would that more of the ones I get wrong, I get wrong in this fashion...

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