Intel is seeing price levels not seen since 1996. Dividend yield near 4%. This is the type of stock you'd buy, and let sit, give it to the kids. Collect dividend income at retirement (and INTC has consistently increased its dividend), so who cares about Social Security. I'm 30, I know I won't see Social Security when i retire. It'll be a great way to impress friends at bday parties.
Emerging economies becoming new markets in the coming decades for personal computers will begin a new renaissance in earnings growth. And I (humbly representing developed economies) recently just replaced my laptop for a cool, new processor. The present P/E seems to represent cash-only business and consumer transactions for Americans and Europeans, not taking into account the growing business and middle classes of Brazilians, Indians, and Chinese (not to mention Russians, Argentinians, Venezuelans, Malaysians, on+on) who will gear up with their first Intel-powered PC's or laptops over the next decades.
Anything under an 8,000 Dow is awesome (when this was posted, the Dow closed @ 8,577, NASDAQ 1,628). Credit markets will thaw one day, even if it's not thawing with your turkey for Thanksgiving. INTC looks so attractive, it's what my son would call "retarded" cheap.
It's THE stock I would keep on my radar screen, forget energy. Tech.
$15.23 (10/16/08)
