Subject: INTC buy-and-write
From: Tazia Smith <
Date: Fri, 22 Nov 2013 10:25:42 -0500
To: eevacation@•mail.com
Cc:
Paul Morris
Vahe Stepanian <
Classification: Confidential
Not fancy - INTC, down over 4.5% following a self-critical Analyst Day. DB is
one of the only analysts across the Street defending the name - in fact he
raised his price target to 28 from 26. In part, he thinks management is being
conservative and setting up for outperformance., $2 eps for 2014E (current 12x
vs large cap semi peers at 16x)
INTC spot is $24.09
Dec 23 calls are -$1.21 bid
Dec 24 calls are -$0.51 bid
INTC has a 3.7% current dividend yield, goes ex 2/5, reports 1/16 (Jan expiry
is 1/18)
(See attached file: INTC 11.22.13.pdf)
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Tazia Smith
Director I Key Client Partners - US
Deutsche Bank Securities Inc
Deutsche Asset & Wealth Management
345 Park Avenue, 26th Floor
N w Y•rk NY 101 4
Email
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EFTA01479343