I don't know whether that was in reference to ARMH or INTC. As far as INTC, the stock price is a function of lack of earnings momentum. Every year it seems Intel looks like it will have a record revenue and earnings for the year, then something happens where a billion or two disappear. So the P/E stays low. Which suits me just fine. But it annoys some folks. I prefer to buy at $20.cc and sell at $21.cc four or five times per year. If this went on for 10 years, I will not be complaining. (possibly because I'll be dead. But even if I wasn't).
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