Rob, Its been doom & gloom around here for quite a while, and,
frankly, we're having a party! I am sure another big analyst will
come out and tell us its time to worry about Qtr1, but for now,
we're in heaven.
Intel missed the silly earnings estimates by a penny or two the
last couple of quarters and the bears mauled the stock. Let me
say that from an FA perspective there is no finer company. You
talk about overvalued. How many big caps sell at a discount to
their historical rev and eps growth,long-term projected growth
rates, have a decent balance sheet, and a commitment to radically
reinventing themselves on a constant basis. No, from a FA
perspective there are few opportunities such as Intel.
The problem has been TA, as Intel has been the focus of the ultimate
battle between the bulls and the bears. And, IMHO, after 14 weeks
the winds are changing. Again, I believe we need to survive IBM's
earnings and the tech sector will be due for its turn in the sun.
Avoid standing in front of trains in forward motion. And, good
winds to you!
Berney |
