Sale INTC

Intel Corp Company LogoI have been invested in Intel Corp. for a few years now. It is tough when businesses that you think will do good or even great just flat out flops. It happens, especially more often with technological and biopharmaceutical companies. Stock market is an unpredictable creature of this world which sometimes has its crazy days, but none of it was its fault. The company simply did not deliver. Here are some key points why I sold it.

  • Failed to raise a dividend in 8 straight payouts.
  • Decreasing quarterly & annual earning reports.
  • Failing to transition from PC to Mobile chip processing.

The ship was obviously sinking slowly with poor revenues. It is important to look past that and stay calm before the storm if you will. Luckily I got out just in time selling it on a peak and just before the fall in price. I sold 44 shares for the price of $26.57 lowering $38.72 to my annual income.

The 12-month dividend income decreased to $2,302.

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12 Comments

  1. Captain Dividend on April 14, 2014 at 04:13

    I can’t say that I blame you for selling at this point. I sold recently for the same reasons as you mentioned.

    • DividendVet on April 14, 2014 at 05:47

      Yeah, you know there is no need falling in love with dividend stocks. Not that it is particularly one of my favorite. The way I see is if the company cannot perform up to shareholders expectations, then there are plenty of other great businesses that can do the job right. Capitalism prevails.

      Take care.

  2. DividendNavyVet on April 14, 2014 at 06:54

    Kind of surprise you held on that long and at least you knew when to let. I have a big problem with letting go of mine.

    • DividendVet on April 14, 2014 at 15:51

      I was never in a rush to get rid of it. Though, it was on my chopping block for a few months now. INTC also payed me a nice dividend last month and waiting longer did not make any sense.

      Thanks for stopping by.

  3. writing2reality on April 16, 2014 at 02:46

    Don’t blame you at all here DV. I got out of my INTC position last summer and haven’t looked back. Not worth lost investment time in a company that doesn’t seem to be on the rise and fails to reward their investors.

    • DividendVet on April 16, 2014 at 05:24

      No blame taken and I do not feel any guilt of selling it, not one bit. If I would have another company in similar situation, I would sell that company out of my sight too. It is just the way I operate. Like you said, not worthy of my hard earned investment.

      Good hearing your thoughts. Glad we both agree on this one.

  4. JC @ Passive-Income-Pursuit on April 17, 2014 at 13:20

    I did the same about a month ago. I was tired of having management keep telling me that next quarter we’d start to see major progress and then when those earnings came out it was then the next quarter. The progress kept getting pushed back for one reason or another so I sold out too.

    • DividendVet on April 18, 2014 at 00:07

      Exactly, the company does not want to yell out that the ship is on fire to the outsider investors. Even though that is what it is becoming to look like. Would love to hear from an insiders perspective.

      Good hearing from you.

  5. Dutchman on April 20, 2014 at 01:01

    I am not so sure intc is dead yet I still hold some shares although I have been selling covered calls to generate some extra profit since I bought just under $20. It has been a nice ride although by current stock prices they will be called away at $27. Wont be repurchasing though for the above mentioned reasons

    • DividendVet on April 20, 2014 at 18:59

      I am not sure INTC is dead either. Though, I am not willing to find out anymore. I would rather invest into something more boring. Looking into AFL, O, and MCD at this time.

      Options are something I would like to start participating in sooner or later.

      Thanks for your input.

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