Most major tech stocks at 52-week highs except INTC
The Dow, all major tech stocks, all near 5 year, 52-week highs. INTC, meanwhile, is near 52-week & all-time lows based on adjusted shares. What a failure Paul O. & the rest of Intel leadership/Board is. Support your shareholders!!
INTC is trading very poorly. I wouldn't blame it on Paul O. It seems traders and tutes feel they can always buy it back lower. Apparently they are correct. I have seen no evidence of the company buyback after earnings release. Perhaps they feel the same way.
They have 6 billion left from their last buy back and used only 1 billion of it in the 4th qtr. They also borrowed 6 billion more and are paying interest on it to buy back shares. #$%$ are they waiting for? 11 billion is 9% of the outstanding shares they can buy back right now. Must be Paul wants the stock price low so he can get all his departure options with a low strike price.