That's the truth, I really find myself having nothing much to say here since things change so slowly, there's no one single day that makes or breaks a long term thesis, just gotta watch it develop overtime like watching paint dry.
Quoted from kool1:Intel is a show me story to say the least. They have fallen so far behind that I'm not sure they will ever catch up at this point. If you are going into semis buy one of the leaders with a strong mobile presence. INTC is cheap for a reason.
"Intel reported weaker Dec-Q results on continued weakness in its PC segment that
was compounded by continued inventory corrections and continued weak
datacenter/enterprise demand. The weakness is expected to further deteriorate/
broaden in its other end market segments for the Mar-Qtr (double-digit% Q/Q
decline across all end segments) combined with an accelerated pace of customer
inventory digestion (CCG, DCAI, and NEX). As a result, the Mar-Qtr guidance
was well-below consensus expectations. Given the macro volatility, the team has
refrained from providing full year 2023 guidance".
People would've said the same thing about AMD a decade ago, AMD will never catch up, buy Intel instead, and look what happened since then. Catching those dynamic shifts is where the biggest money is made, because not only are you catching the growth, but you're also catching the multiple expansion that comes from when the hated player turns into the beloved player.
Gotta be doing the research and following along with the reports to be understanding about what the company's doing, how much cash and financing opportunities they have to actually achieve their goal, what they're spending on, and what progress they're making towards improving to determine that the management is capable of pulling it off.
I'd be looking to make sure the assets that are there are good and stable and justify the price I'm paying as to lower the risk, then keep that eye on how things can look a few years down the road and how things are developing.