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Intel looks like an attractive short at these levels, says JPMorgan, noting AMD is off 30% over...

Intel looks like an attractive short at these levels, says JPMorgan, noting AMD is off 30% over the past 90 days, and Intel down just 6%. (see last night's AMD warning) INTC -1.4% premarket. (via Notable Calls)
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Comments (6)
  • Ashraf Eassa
    , contributor
    Comments (9268) | Send Message
     
    Well, let's see. INTC is trading at < 11x past earnings, has the most sophisticated semiconductor manufacturing in the industry, is aggressively expanding into the mobile computing side, widening their lead in the PC client space, makes some of the best solid state drives in the market, and now owns a huge slice of a major semiconductor equipment maker.

     

    Real attractive short!
    10 Jul 2012, 08:30 AM Reply Like
  • Slim Shady
    , contributor
    Comments (434) | Send Message
     
    AMD had a market cap of $3.9 bln, cash of $1.7 billion and debt of $2,000 with TTM EBITDA of $131mm. INTC has a market cap of $131.6 bln, cash of $14.6 bln, debt of $7.45 bln and TTM EBITDA of $23.536 bln. Intel is investing more in ASML to accelerate its technology lead over AMD and others, than AMD entire's enterprise value. Why should those companies trade in tandem over the last 90 days?
    10 Jul 2012, 08:44 AM Reply Like
  • Pinocchio1
    , contributor
    Comments (206) | Send Message
     
    To me... JPM is by far a more attractive short than INTC.
    These bankers...
    10 Jul 2012, 09:07 AM Reply Like
  • Micah
    , contributor
    Comments (483) | Send Message
     
    The Cubs suck and since the Yankees play in the same league, they must suck too. Bet against the Yankees.
    10 Jul 2012, 10:24 AM Reply Like
  • huskers123
    , contributor
    Comments (66) | Send Message
     
    Go ahead and short INTC. AMD problems have been company specific for a long long time. I'll buy some while you short. Don't forget you pay the dividend on shorted shares.
    10 Jul 2012, 09:55 PM Reply Like
  • Edward.S
    , contributor
    Comments (124) | Send Message
     
    Yeah that guy was hilarious. He didn't seem to know too much about Intel. ASML makes the best semi manufacturing equipment - Intel has the BEST (3-4 years of average) process/expertise. Anyone looking to expand their manufacturing facilities to accept new orders on a better process would need asml equipment. Good luck, Intel won't let you play with their toys.
    10 Jul 2012, 11:39 PM Reply Like
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