The rationale of holding INTC only for it's dividends seems like snakeoil. Big funds/investors won't touch this stock even with a ten foot pole. Why exactly are the shareholders still glued to this ? Afaik INTC ain't creating the next billion dollar disruptor LoL
3 replies (most recent on top)
Pat said his target is $100. I’m drinking the kool aid and will continue to buy and HODL
I heard Cathy Woods' Ark Fund is looking at a large position in Intel.
We buy companies for earnings... and the problem with Intel is the earnings are dropping like a rock. On top of that, the company is betting Billions (yes with a cap B) on trying to enter a firmly entrenched market (foundry) vs. arguably one of the most disciplined companies on the planet (TSMC). So, it is impossible to forecast earnings 5 years out because Intel has almost no hope of competing vs. TSMC. For these reasons, this company cannot be on the 'BUY' list.