At the writing of our last Intel article, the stock was trading at $26.68. The stock has been backtracking ever since, trading at $21.25 at the time of this writing. So what, if anything, is wrong with Intel (INTC)? We’ll break down the discussion as follows in an attempt to find answers:
- Financials & Valuation
At the time of our last article, Intel raised the dividend and guided to EPS growth in 2012 that supported higher valuations. After all, who besides management is in a better position to understand their customer trends, suppliers, segment trends etc. Based on this, many estimates were north of $30 per share. What went wrong?
Intel announced 2012 results on January 17 along with 2013 guidance. We’ve recorded guidance over the last year along with new guidance as shown below.
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