Intel: Still A Have Not

 

  • Intel reported another quarter of weak results despite beating lowered guidance.
  • The company forecasts a tough June quarter with another big EPS hit and revenues below expectations.
  • The stock isn't exactly expensive around 13x forward EPS estimates, but Intel isn't appealing with the margin compression and negative trends.
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As with most recent quarters, Intel (NASDAQ:INTC) reported solid numbers compared to expectations, but the chip giant typically guides to ever increasingly weak numbers. The company is struggling with tough competition and taking on risks by aggressive spending for the new fab strategy. My investment thesis remains very Bearish on the stock due to ongoing pressures on chip demand and market share losses.

Read the full article on Seeking Alpha. 

Disclosure: No position mentioned. Please review the disclaimer page for more details. 

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