Intel Corp (INTC)

[DewDiligence]

>> Single digits.<<

I’m gonna keep trying to get that free lifetime iHUB membership

I’ll bet you a lifetime membership ($130 value) that INTC does not close in single digits on any trading day in 2003.

The error you are making is to assume that P/E ratios should be low at the bottom of a cycle. That’s the mistake which proved immensely costly to investors who sold in 1982.

Some elementary arithmetic shows the wrong-headedness of that mindset: since “E” is in the denominator of the P/E ratio, the ratio itself should be high when “E” is cyclically depressed.

Let me know about the membership bet…