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Intel Corporation Message Board

  • ex.goldbug ex.goldbug Dec 12, 2012 3:46 PM Flag

    An Open Letter to the Intel Board--greatly expand the buyback program...here's how...

    Borrow money in the bond market below 3% (take full advantage of Ben's low rates) and then buy back a major portion (half?) of the float. Would be immediately accretive to profits (difference between 4.5% dividend paid on retired stock and lower borrowed rate). Would be a fast way to get the stock price to a more appropriate level, say $32-36. Everyone (except shorts) win. Like Nike says "JUST DO IT!". Thank you.

    Sentiment: Strong Buy

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    • Stacy Smith, CFO, has to be much more aggressive, imo. Intel should be issuing $50-$60B in debt at these levels, to buy back shares & increase dividend. Believe me, these rates (as close to zero you will ever see), will not last long. There are already signs of pickup in China, Latin America, & eventually the US & Europe will come around. When it happens, we will see a big jump in rates..

    • Problem with massive buy like that is it drives the stock price up, then they lose, of course, if they buy say 100,000 shares a day, I guess it could be doable...

      Sentiment: Strong Buy

 
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