alt Hacker NewsIt did the temporary job. INTC is doing the work. Things take time.
Replies
Larrikin • yesterday at 3:16 PM
So the bailout was a complete waste of money? Why couldn't they have done the work before and we just waited?
➕ show 1 reply
It did the temporary job. INTC is doing the work. Things take time.
So the bailout was a complete waste of money? Why couldn't they have done the work before and we just waited?
I think you may be confusing the (temporary) improved stock price with improved/recovered profitability? I see the (temporary) stock price recovery, as driven PURELY by valuation, i.e. an increase in P/E (instead of EPS).
Intel’s revenue is currently worse than 10 years ago, and gross profits are 2/3 of what they were around 2012.
The temporary price hike was caused by a huge temporary jump in relative valuation (probably because the US Gov started subsidizing).
See the historical graphs:
- https://www.macrotrends.net/stocks/charts/INTC/intel/pe-rati...
- https://www.macrotrends.net/stocks/charts/INTC/intel/revenue
- https://www.macrotrends.net/stocks/charts/INTC/intel/gross-p...