Fiondella,
Try this:
Take your post about the Paul Engel school of investing, but change the time frame to 1997 instead of 1998. Same price, $94 per share. Same quote from you about Paul's philosophy:
"you spend all of your days on the Internet ... hyping the company to those that have to use their own real money to buy the stock at $94 a share."
Now cut back to the present. The Stock is still $94 per share AFTER A TWO FOR ONE SPLIT. The "suckers" who listened to Paul Engel have doubled their money, 100% in a year, more or less.
So what is Paul Doing wrong, he's made a bunch of "suckers" rich, and harmed no one.
Paul is hyping the company because he sees it for what it is, a great company. YOU are the one who doesn't get it: Intel is a great company, one of the top ten large caps on the entire planet from an investor's perspective, and arguably THE best. It is not over priced, not at a P/E anywhere under 30 (which I don't think it has ever acheived), and under these conditions, while some times are better than other, ANY TIME is the right time to buy if you are an investor with an intermediate term perspective (say two to five years). |
