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.
- This idea was discussed in more depth with members of my private investing community, Out Fox The Street. Learn More »
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.
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