I 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.