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 (NASDAQ:NASDAQ:INTC) 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 the chip giant. My investment thesis remains Bearish on the stock.

Read the full article on Seeking Alpha. 

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

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