Am I seeing this right? Why is the stock price falling even today when the Nasdaq seems to be up? Is Intel that bad.
I have some stock that bought in 2012 -- at the height of financial crisis. The price is down even from then. Can't believe this.
7 replies (most recent on top)
No dividents and a bleak future. At least for a year'ish. Who, with any amount of real money, wants to invest/gamble their money on that? Maybe if the board fires Pat ther'll be a price bump? Otherwise we're just doing the same thing over again but expecting different results.
Intel can’t pay dividends because it has no money.
Pat spent and borrowed billions to build monuments to himself and his midwit idea that Intel somehow can beat a competitor with massively larger scale.
There are no consequential customers for Intel’s very expensive factories.
Intel cannot sustain this level of capex.
Anyone with a functional brain could have predicted this years ago.
It’s on its way to worthless, friend. Just bite the bullet and get out. Shares in companies after the takeover/split-up are gonna have to 4x for you to break even. Don’t ride it to powder.
The stock price declines have a LONG way to go... Intel is not even close to recovering and drawing nearer to bankruptcy protection week by week. Without a divided, INTC stock is not very attractive, to say the least. Soon, Intel Suppliers and partners will start to ask for different payment terms (cash) and other various changes that will only accelerate Intel's decline. All the while, the remaining office employees will meander in lost efficiency and claim they are trying to figure out what precisely to do after the massive layoffs. Intel executives will claim some huge amount of realized cost savings... but nothing will be fixed. GLTA.
The reason why it keeps falling is that Intel is no longer a dividend stock. Before it didn't really matter what the stock was at (within reason) because of the dividend payments. It only really mattered if you wanted to sell the stock...but why would you because dividends.
Now Intel stock is beyond worthless, it also indicates that Intel is running out of money and has to cut things. Very bad sign.
Yes we are that bad
Pat spent $50 billion dollars to build factories with no customers.
What did you expect was going to happen?