Quote (Thor123422 @ Oct 23 2020 03:55pm)
Long term Intel isn't going anywhere. Their engineering is top notch and they're moving into other places. Their current goal is to be the largest silicon manufacturer, so processing won't sink the ship.
Honestly, great time to buy Intel and hold for 10-20 years.
Just checked the chart. Fuck yeah this is a great time to get into Intel.
This.
Their numbers aren't that bad either. It's not like they're missing top line revenue or EPS. This is still a very profitable company and it's trading under a 10 p/e with like a 2.4% dividend. They missed on revenue in their data center enterprise business. I think that's realistic and expected with so many corporations really trying to minimize expenditures right now.
I have a few shares, very small position. My limit buy on calls didn't hit but I wouldn't mind buying shares at 45-46 range to hold for a few years.