Intel: Mobileye Trap
- The Mobileye IPO price has been cut by 40% to start.
- Intel continues to face delays and lower valuations for assets impacting the value of the stock.
- Investors should avoid the stock until the business has hit rock bottom and an actual turn has occurred.
Day after day, Intel () continues to cut expectations leading to less shareholder value. The latest news has the long expected Mobileye IPO coming out at a much lower valuation leading to less funds raised by theinvestment thesis