It is a depressing time. Seems QCOM has lost significant market share, and will continue to do so with China
competitors. Though some recent QCOM wins with new Snapdragon, may take a very long time to get this board "rocking" again. Sadly, should QCOM need to cut the dividend, all bets are off permanently in my view.
New lows repeated again today. What shareholders in their right mind would sell
at these prices!! Yet the selling and new lows goes on.
There is "no news suggesting it" because QCOM does not keep its stockholders informed about what is going on!
Now more than ever, with QCOM stock about to again hit 52-week lows, QCOM needs to give stockholders regular financial and business updates. So far, nothing.
While it may be inevitable, I suspect that many of us long-term stockholders would suffer a loss at $14. What has kept us going is the above average dividend which I doubt would be retained.
All well and good but housing is not a valid comparison. They arent making any more land and housing in key areas was sure to recover smartly. There is no competition. QCOM is facing competitors who make the same things it does at cheaper prices. With no growth in earnings expected (today, Amazon announced it will not use QCOM chips) can QCOM keep up its 3.5% dividend (or even deign to continue raising it) in this environment?
I wish QCOM would come out with an explanatory business and financial update for the benefit of ailing shareholders. Badly needed in my view.
Despite recent acquisitions and continuing buy recommendations, QCOM goes down...down...down. What QCOM needs to do in view of what it is facing is to articulate a rational business plan without further delay. Otherwise, no stopping new multi-year lows IMHO.