On Friday, Intel shares spiked 9% after Bloomberg published rumors that the company is weighing options to stop the cash bleed, like spinning off the foundry business. I believe that this would be yet another misstep in Intel's mismanagement over recent years.
Lots of parallels with Boeing. Iconic manufacturing company in an strategically important industry that's collapsing slowly over the years due to terrible management. US government won't allow both companies to collapse. If bankruptcy becomes an issue, there will be bailouts. Hard to invest under such circumstances.
Lots of parallels with Boeing. Iconic manufacturing company in an strategically important industry that's collapsing slowly over the years due to terrible management. US government won't allow both companies to collapse. If bankruptcy becomes an issue, there will be bailouts. Hard to invest under such circumstances.