Cash Flow Analysis---Intel
Page 5 (and final).
So, what's mt take on INTC as a company and as an investment?
Well, believe it or not, I thought they were more straightforward in their accounting than DELL. I'm not out to nominate them for sainthood or anything, but the "smell" wasn't as bad.
I think both INTC and DELL are great businesses and profitable at what they do. They'd be great to work for, with all those options!
But as an investor, both appear to me to yield less than I could safely get in a CD, so why would I risk my money?
But, in what I see as a sign that the Bear isn't done clawing yet, wherever I have expressed my opinions, I have gotten amazing resistance to both the notion of fully accounting for options and the notion that it's not OK that insiders take all the profits. Amazing resistance. Until that goes away, the speculators are still too active for me to have any confidence that capitulation has occurred.
Hope I haven't been too confusing with this analysis.
Timba |
