I am happy to see the recent drop of technology stocks. Some of them start to look very attractive.
Intel caught my eye yesterday.
Everyone thinks that PC is dead, and recent news confirmed it with weaker than expected demand for Personal Computers due and Tablet/Smart phone sales depress Intel's business for now.
After looking at INTC's historical earnings and ability to profit. I am hoping and praying negative sentiment sent it to even lower prices.
With current prices, INTC is paying above 4% dividend (almost 40% payout ratio). 21% profit margin for this year and earning yield of 10.97% for past twelve months. This is very attractive. I believe PC industry will not die and I might start a position in INTC in near future...
