I don't think it was a case of the others "seeing the writing on the wall". I think most of these companies would love to have Intels Gross margins. Intel has twice the Gross margins QCOM does. Intel focused on the place with the highest profit margins and left the mobile market alone. Now that the market is big enough, Intel will come and take the market away from them.
These people have had a 21 price target on the stock. Before that they had a $19 dollar price target. They have not been as bearish as GS but they have been down on INTC for a long time. Just another disgruntled bear that can stand to see INTC charge higher.
Sentiment: Strong Buy
If you look at earnings growth slowed but it is still there about average for an S&P stock. I think it is capable of growing 12-15 percent longer term and at 11x earnings it still is reasonably priced. Yes, perceptions caused this to be misspriced but that is opportunity folks.
Sentiment: Strong Buy
I heard that garbage that MSFT is dead and laughed. It is the mantra of the brainless. Heard the same thing about INTC. I laughed harder and bought more INTC and MSFT. Both are still cheap, especially INTC.
Sentiment: Strong Buy
drcmd, think you missed the point. at this time, investors don't care to discriminate one MREIT from another. They don't care if one holds variable and one holds fixed. They both go down together. Near as I can tell, the market hates income producing securities right now. That has a lot to do with the rise long term interest rates. Now you might think it is irrational and the market is irrational (Moronic) but that will not keep your security from being sold off. Most of us that have been investing for awhile understand the concept of sector rotation. It is "moronic" not to understand that your stock is going to get hit if it is in the wrong sector whether it is deserved or not.
Question, did you really think the fat dividend was sustainable? I believe a cut was inevitable based on them using up capital loss carry forwards and required to pay more taxes. They replaced it with a share buyback which is certainly shareholder friendly even if it hurt dividend investors a bit. In the long run they will be better off with better dividend coverage and growing EPS. I have no investment in CTL and have looked at it in the past. It is much more attractive to me now that the cloud of the dividend has been lifted. As for CTL vs VZ vs T they all have their pros and cons. As I am looking at a telco to round out the dividend portion of my portfolio now that they all got marked down, I am leaning toward CTL for its higher dividend and potentially better growth vs the others. On the other hand, I am also looking at BCE which seems very shareholder friendly. I think management at CTL did the right thing by shareholder even if there was some short term pain.
Well, if you watched my posts here when INTC was 21 I said that INTC was headed to 30 by the end of the year. That was back when everyone on CNBC was saying INTC was dead money because the PC was dying and ARM was moving into their business. I said back then that INTC was a second half of the year story and when Haswell came out things were going to change a lot for INTC. I also said back then when INTC was over 25 a bunch of trend followers were going to tell you it is time to buy INTC. Wait for a bunch of upgrades on INTC by a bunch of folks who told you to dump it at 21. So now a bunch of folks are all over it after it went up 20 percent from where they said to sell it? MSFT was also unpopular when I bought it at 26.5. Now a bunch of lemmings want to own it 35 percent higher then what I paid. What a bunch of shmucks.
Yes, I am counting on it. I am a few years from retirement and am building my income for that. I am counting on TRV dividend increases as well as the buyback into the future to fund a portion of my retirement. I don't expect to be selling TRV anytime soon. I have owned TRV for several years and have added to my shares over the years.
Spiking of rates had a lot to do with MREITS going down as well as some housing stocks are getting hammered. I think as long as rates stabilized a bit lower then they are now we are ok. There is just a lot of fear in the sector and that is why they are going down. Personally, I am holding pat on my MREITS and will probably add more as we get closer to distribution time. Mortgage business is fine and home sales are fine. I just think it is a lot of fear over nothing.
It really does make you wonder if Samsung really believes in Big-Little anymore since they seem to be moving to other vendors chips and away from their own.
Your Phenom is a rather pedestrian chip to be comparing to Haswell It is sorta like askiing a Ferrari to get the same gas mileage as a Yugo.
I am not sure that TSMC has a lot of choice but to blow smoke. I am pretty sure they know they are in trouble but as long as they perpetuate the myth then they have a steady stream of customers. I can't fathom them making money on 20nm node let alone 16nm. Even if they manage to get the process out correctly they will not get the yield to satisfy their customers. The cruel fate for these companies will be that they bought into ARM to get a chip that was cheaper to make and more efficient to run and when they get to 20nm the chip will be more energy inefficient then Intels solution and more expensive to make.
If you want a play toy that is fine. If you decide you need to do work then go Wintel. Just no substitute for iCore power and MS Office.
It is a double edge sword and it is hard to gauge in the long run. A lot depends on the hedging that is done and how successful that is and also depends on the rate delta, loan churn rate, ave. duration in the portfolio etc. Point is that there is a lot more to it then interest rates alone. The selling seems a bit excessive since you probably are still going to get your yield and as rates rise net interest margin will rise. A tapering of buying of bonds by the FED is far less damaging to these companies then the FED raising short term rates. I think we are a long way off from that.
Bizzare to take nearly a billion dollars in market cap out of a company that will probably have less then 100 million in liability.
Well I guess the tornado caused to to drop big this a.m. and a little yesterday. I quickly bought more this a.m. on the big drop. The liability to TRV is relatively small and I hope that TRV honors each and every one of those claims so that those folks can get their lives back together.