TradingKey –Â INTEL CORP (NASDAQ: INTC) lost 5.8% on Friday to close at $89.85 after dropping 2.8% the previous day to close at $95.37. INTC is currently trading about 37% down from its 52-week high of $142.35 and below the $95 price of its August stock offering.
Although my thesis is slightly bruised, I don’t believe the numbers underlying my thesis have changed. I see the decline this week as an excellent opportunity to buy more shares.
The Kiryat Gat Explosion: Impact Still Unknown
On October 14, a fatal explosion at Intel’s Kiryat Gat site in Israel occurred while trucks were transferring gas to storage tanks. The Israel Fire Authority said the gas was nitrogen trifluoride, a gas used in the chipmaking process. Two employees died…
