John, Re: INTC/contrarian mentality
Agree with your post, and while those who ignore history may be doomed to repeat it, we are in a technology-driven economy where there is, at least, disinflation, with virtually NO unemployment, and exc. growth. The paradigm changed while the FED was not convinced until recently. While everyone bows before Alan and the Fed, IMO they cannot decide to do anything because the old rules don't apply. They have been behind the 8-ball for 1-2yrs. Short term rates are much too high, but the economy will adjust whether or not lowered. SEA is filled with corrupt, incestuos govt. and corporate lackeys who may finally be forced to clean up their act. Intc will be a standard- bearer for yrs. to come. Stock price is a joke (& We're still up 2.75 "x" our cost to date). Naysayers will allow the enterprise value of Intc to double many times over. Short term there may still be valuation problems, transition issues, but mid.98 to 99 and beyond this & other leading cos. will dominate innovation and growth in 1st, 2nd, 3rd world economies. Stock price will reflect it accdgly,IMVHO.
Royco |
