That's funny Ron. INTC is getting closer to where I'd consider opening a position. They raise their dividend by 4-5% every year and dividends still only take ~25% of earnings and cash flow. Even if earnings are only in the $4 range for 2021 that's still an 11X P/E.
Three issues I do see:
1 - The stock is right at long term support. If it breaks below $43-44, it could fall to $35 as the algos will have a fire sale and retail investors will follow.
2 - They have a story all right but it's negative. It won't move up with any conviction until there's a positive story that involves them explaining how they'll turn the 75% of their profit into additional revenue and earnings. Research is great but not if everyone else is years ahead.
3 - As a dividend stock, it's 2nd or 3rd tier. Nothing exciting here without growth.
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