On 10/13 at 1:25 PM I bought 25% more of my target in INTC.
Credit Suisse calls Intel a better company than a stock and states in its October 12, 2010 report, “Longer term holders should be buying.” CS has a target price of $28, “We maintain our Outperform rating and $28 PT which represents a 14.4x P/E multiple to our 2011 est in-line with its 5 yr FY2 avg. of 15.2x.”
The Street has a target price of $25.46 since 10/7/10. Additionally, The Street stated, “The gross profit margin for INTEL CORP is currently very high, coming in at 77.80%. It has increased significantly from the same period last year. Along with this, the net profit margin of 26.80% is above that of the industry average.”
During the same period, stockholders’ equity (“net worth”) has increased by 17.39% from the same quarter last year, yet the stock is down from last year. The stock price clearly is not reflected in the results of INTC.