Originally Posted by JaxRed
Here's today's Stock Tip. Intel. A dividend growth stock beaten down to where it pays 4%. It hit $22.50 today.
An excellent buying opportunity.
I have debated buying INTC or a number of months now. For some reason I can just never pull the trigger. I just don't understand why INTC is priced where its priced at. Its a dividend grower in an industry that "should" see growth into the future, tech. It makes a product where the barriers of entry are very high and have even taken some market share in Apple products.
Right now it has a 4% yield and a P/E of 9.54 well below the market average. Its acting more as a utility than a tech stock or even a dividend paying stock. I agree that is is very attractive at this price, but I just don't understand why?