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Strategies & Market Trends : Value Investing
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To: Elroy who wrote (74307)11/17/2023 6:56:02 PM
From: E_K_S  Read Replies (2) of 78702
 
Re: Stocks on the Run that many avoided but I saw as Value Buys - INTC & IBM

I mentioned I was building a position in INTC 2/2023 as INTC hit a multi year low at $25/share. I continued to get not much interest & SIMO was the stock to Buy. INTC +60% and I do believe it will go 10% higher and even more if/when they completes and/or upgrade their Fabs into next generation technologies.

Another on that list was boring IBM, an old lady that can not innovate and is no longer growing. I was buying over the years w/ last Buys early this year and stock trades at a 52wk high and is still a value tech selling at 16xPE paying a 4.2% divided. Stock is +27% from it's 5/2023 low and even more if you were able to snap up shares 3/2020 below $100 (I was buying there too).

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Much of the gains are obtained if/when you can catch a good 'value' entry point and wait for management to make the changes to extract value.

In the case of IBM, their cloud & consulting business is currently the new growth engine. They also have a new AI chip that on many metric outperforms NVDA's AI products.

Will these two old dogs continue to move higher? I do think so but a lot depends if management can continue their growth investments and their products/services continue to be compelling. Both companies have experience scaling production/services so that will be the next major step in growing earnings.
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