Short term blips=long term buying opportunities
IMO, INTC at 89 had gotten ahead of itself anyway. I expressed this opinion at the time. It was nice to see the rally, but such a valuation required near perfect execution and problem free external conditions. We currently have neither with the product delay and the earthquake.
My year end target has been 80 since January and although I now think this will be exceeded, INTC in the 70's at this point in time is not a disappointment to me.
Earthquake, product delay, Dan (Kurlak wannabe) Niles, etc. are momentary blips.....all which will pass leaving nothing in their wake but memories of another buying opportunity. These events are truly meaningless as far as Intel's long term valuation is concerned.
IMO, Intel's long term prospects continue to look better than ever. The analysis is simple. You just have to keep asking yourself, 'what is going to be the single biggest influence in the global economy and our societies during our lifetimes'....the answer is clearly technology. A company like Intel with a proven track record of leadership, execution, adaptability, and ability to recover from setbacks/mis-steps combined with tremendous resources (including people, capital, cash, and knowledge) is going to benefit as much as anyone from this fundamental ever expanding revolution. The real exciting part is that the revolution has barely started.
Good luck to all,
FF |
