Might want to start shorting Intel boys, shits starting to hit mainstream.
https://www.youtube.com/watch?v=H8LrwI-I_fY
https://www.youtube.com/watch?v=H8LrwI-I_fY
Intel stock has already been beaten down to the point where it appears as a value. Not saying this news isn’t extremely disturbing, but with Intel’s cash flow and foundry investments, I would be wary of shorting them here. A year ago it would have been a great call. I’d question the risk reward of shorting while it’s down 30% now though.
Looks like that was a good call after all. I’m a bit shocked in the drop in value we’re seeing from Intel’s turnaround plan. This aftermarket action has to be the worst of it I would think. Firing nearly 20,000 employees and suspending the dividend is a pretty massive move and a lot of income funds are being forced to sell as a result. That makes me think this is likely a buying opportunity along the lines of what we saw recently with AT&T and MMM when they cut dividends and restructured, but the market is behaving as though bankruptcy is on the table so I could be underestimating the risk.
