A little background..
Shares in Trinity Mirror are a nice example of where investing meets my everyday life. It’s not very often, particularly in the sort of (mostly boring!) small cap companies I look at, that something hugely material to the share’s performance gets reported on the normal news – by which I mean not the adrenaline fuelled, ticker whirring programming that characterises most ‘business’ news channels. The most obvious retort to that is that it’s not particularly often any of the companies I’ve invested in are embroiled in huge legal scandals, but there’s all sorts of more intriguing elements to Trinity Mirror’s alleged involvement in the phone hacking scandal. The storm span up around the first wave of allegations, one point of view goes, was as much about Murdoch as it was about the actual crime that was alleged to be committed.
That might be the case. The portfolio holding shares in Trinity Mirror means I am in the unenviable position of having to come up with an opinion on that, I suppose. That’s something I don’t particularly like doing – there is a good reason I try to avoid buying in to ongoing legal disputes. Trinity Mirror got in, though, and now…
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