Intel at $48.00, again, still, forever.
This isn’t a particularly strong or recent fall. No particular reason to post it now, though it’s 31% off its 52 week high.
Mainly it’s just a firm that is very much out of fashion.
The total return since April 2018 is a nice round zero.
Earnings then were in the $2.00 to $2.50 range, depending on which four quarters you look at.
Earnings these days are problematic: being top of cycle, trailing year earnings are $4.86 and forward consensus is around $3.55.
Still, both of those numbers are way higher than four years ago, and they have a bulletproof balance sheet.
I don’t think they are about to stop making good money any time soon.
A once-in-a-lifetime pick with a 10x upside? Nope.
But I expect extremely low downside with quite pleasant or potentially very good forward returns, which is not such a bad thing.
“The report of my death was an exaggeration.”
The have not done well in the current fab cycle, but I believe they are still among the best in the world at quite a large number of related skills.
And hey, some people would probably like a dividend just over 3.0% that is not at all in jeopardy.
One of my dumbest screening criteria:
The difference between 5-year EPS growth and 5-year total return. The “hiding in plain sight” list: getting cheaper and cheaper.