I am hoping Intel does a huge buyback soon to squeeze out the shorts in a very painful way.
They have been holding back so far by buying much lower than average for the past 3 quarters.
The $6 Billion debt offering was announced December of 2012 and most of it was meant for buyback.
I sent a note to Intel management stressing this and hopefully they have near term plans to execute
on the plan and really hurt the idiotic shorts. The news is definitely great on Intel and soon the earnings will
follow. Although Intel is maintaining revenue levels very much near their record 2011 level after a huge 54% two year growth. All they need is a punch in the ARM (pun most certainly intended) shot of buyback action to get the stock really breaking the current range.
Sentiment: Strong Buy
Hope you did better than I did with investor relations. They told me the BOD decides from time to time when to buy back stock. Remember the 6 billion they borrowed, they're paying interest on those bonds and dividends on the stock the don't buy.
You are doing anyone that reads this board and tremendous dis-service for making them think a "news cycle" is supposed to boost Intel's stock price. The stock price is dependent on earnings accelerating or decelerating.
"You are doing anyone that reads this board and tremendous dis-service for making them think a "news cycle" is supposed to boost Intel's stock price
lets go back several months -
I assume you're somewhat familiar with Haswell -
Haswell key advantage is longer battery time .
This accomplished by Intel's integrated VR (voltage regulator)
shortly before launching Haswell WS firm JPM or JMP launched a rumor that Haswell's VR is not working the way it is supposed to work.
The WS firm used Barron's to "distribute" the rumor - the stock dropped 2% ...
so that 's a fact based example how news cycle can have impact on stock price
of course Intel stock is being manipulated - directly or indirectly
GS constantly attacks Intel capex without providing an objective comparision to what TSMC spends on capex -
Covello goes one step further trying to brainwash joe sixpack and whoever owns Intel stock that Intel should reduce capex....
I know Covello NOT only from Intel - there were some tense exchanges between Hill (CEO of NVLS) and him ....Covello asks questions and in case he does not like the answer he either ignores it or twists it into a negative spin.
You obviously are new to Intel's history of stock movements and earnings and most likely a short.
The most recent move to $29 a share was after Intel announced a number of smartphone design wins in February of 2012 after Mobile World Congress. Motorola being one of them. So news does move Intel. Earnings will come in time as they have done so before.
Sentiment: Strong Buy
"You are doing anyone that reads this board and tremendous dis-service for making them think a "news cycle" is supposed to boost Intel's stock price. The stock price is dependent on earnings accelerating or decelerating."
[Well that's just silly. You don't have to do more than look at ARM to determine that stock prices aren't just related to earnings accelerating or decelerating. The price is related to sentiment, the perception that earnings are accelerating or decelerating and irrational exuberance. If you don't know this then you should be investing in CDs. The news cycle is an extremely important part of how the emotional side of the equation is determined. One of the major reasons that the stock is down and has such a lousy P/E ratio is because Wall Street has been in control of the news cycle. What you said is equivalent to saying that there isn't any emotional side to investing. Again, that's pretty silly.
Wall Street has done an excellent job of using the media to present the bear side of an investment in Intel. And they have the shills working the board every single day. Not a day goes by that we don't hear an Intel long, despairing over having been convinced by the bear machine gun bashing and thereby helping to make the bear case. Which is exactly what you are doing. I had previously had you on the shill ignore list. Then I took you off. Maybe you should go back on. Another statement indicating that you have bought into the mindless Intel bashing case should do it for me.]
I would assume all folks here are adults. We can pick whether to own this or sell or buy. Wallis believes in the stock as I do. I do believe that earnings will improve with time. I am long and do not fret the day to day stuff. In two years if it has not moved up I will probably sell and move on. As for now I enjoy wallis and his ideas.