What a surprise I got as I looked at Intel stats. Can you believe it is actually becoming cheap?
At a price which is the same of 1997, Intel is, in my honest opinion, a much better company than it was 9 years ago. True it is not growing as fast as it used to… But 10 B$ in cash are a good asset and 2% dividend yield is great too, at least for a company which has a payout ratio of 23%. Also the choice of Apple, which is switching to Intel, is not only useful to sell more chips, but also important as a clear sign of the technological leadership Intell still has over AMD.
Now, as usual, let’s look at some numbers about Intel:
Trailing P/E: 14.09 seems really cheap
Cash minus Debt: 10 B$
Qtrly Revenue Growth (yoy): 6.30%
Qtrly Earnings Growth (yoy): 15.50%
Seems a healthy company. I bet dividends will grow, so I am about to place my optimistic usual order to buy at any price 1000$ worth of Intell at marketing opening.
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