I am really scared to lose everything.
12 replies (most recent on top)
a gigantic layoff should cure the stock price
the investors will love it and the price will shoot up
it's practically a given now
INTC is trading for essentially book value of the assets. The market realizes the strategy is fraught with risk, dilutes existing shareholders, and is worth essentially nothing… so, book value. Can it go down further? Sure, but probably not much. Unless DZ takes us down a path of even more debt, or we get really wild with these cute financing arrangements that do not show up on the balance sheet.
You can imagine what happens if our CFO (DZ) suddenly resigns..
In fact, don't imagine this because it is very very bad nightmare.
If you like investing in INTC stock, you might also like DJT stock.
No sighting of recovery or return so it will continue going down to toilet from now on.
I unloaded all INTC in my portfolio awhile back, and almost all of it at a loss. That included RSU's, ESPP purchases, and stock I purchased through my brokerage. This after holding for years!
At some point you have to cut your losses and move on. Fortunately, as someone else mentioned, you can write off up to $3k in capital losses per year which can help offset your tax liability from other income sources.
It su-ks, but it is what it is.
I have no idea why you are so heavily invested into the stock, since it hasn’t done anything in decades and presumably you also work here. That’s a lot of your eggs in the same titanic like basket OP, see a financial planner ASAP.
Sell and cut your losses.
Do you really think that a company that is letting go of their most experienced engineers and is spending billions to build FABs to build chips no one wants, has any chance of staying in business?
IRS: You can deduct up to $3k in capital losses per year to offset income.
That's the good news.
Book value is around $25 so that’s a floor assuming Intel can meet its debt obligations.
It’s probably not a bad time to buy some shares as downside is somewhat limited given the limited debt default risk.
When it got to $25, I had been thinking “no lower than $24”, so glad I was wrong. INTC has external AND internal issues as headwinds, sadly…
It was at $25.72 in October 2022. And it recovered to $50.25 on December 29, 2023. It goes down, and then it (usually) goes up again. Theoretically, it could go to less than a dollar. Realistically, that won’t happen. Do yourself a favor - stop watching its price day by day. Check in on it periodically, and - if it continues to underperform - sell it and reinvest.