Subject: Fw: INTC buy-and-write [C
From: Paul Morris <
Date: Tue, 26 Nov 2013 14:41:35 -0500
To: Vahe Stepanian
Classification: Confidential
Paul Morris
Managing Director
Deutsche Bank Private Bank
345 Park Avenue, 27th Floor
New York, NY 10154
Offic
Cell:
Forwarded by Paul Morris/db/dbcom on 11/26/2013 02:41 PM
From: Tazia Smith/db/dbcom
To: jeevacation@gmail.com,
as
Cc: , Paul Morris, Vahe Stepanian/db
MINI
Date: 11/22/2013 10:25 AM
Subject: INTC buy-and-write [C]
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
New York, NY 10154
Tel. +
Fax +1
Mobile
Email
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