INTC is a buy at $15.50

Intel close $15.50, P/E 12.35 today. Analysts have been lowering their earnings estimates to $0.38/share current qtr and $1.25/share for the year. For next year, average analyst estimates is $1.32/share. I’m not skeptical about the current 08 estimates, but I think they may have underestimated 2009’s numbers. In order to trade this idea, I will [...]