By Ashraf Eassa:
Intel: My 2016 Price Target Is $48 Per Share
I believe that Intel (INTC) is probably the best risk/reward large cap play on the market today. Right now, shares can be purchased for a tad over $21/share, and the dividend yield is ~4.2%. Intel generated more than enough FCF to cover that dividend, so very worst case, I treat this stock like a bond. But I’m pretty young and I ultimately want to make investments that help me build substantial long term wealth, which means that while the dividend is a very nice safety net, I do expect capital appreciation. So, how in the world did I sit down and come to the idea that Intel will more than double within ~4 years’ time? Well, let me walk you through my process.
Multiple Is Significantly Compressed In Light Of Uncertainty
There is one chart that explains exactly why Intel