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# Intel: Why A Turnaround Seems Unlikely (Archive)
- URL: https://www.huntingalphas.com/intel-why-a-turnaround-seems-unlikely-archive-copy/
- Published: 2024-08-12T13:57:00.000Z
- Updated: 2026-02-27T12:58:38.000Z
- Description: Intel investors risk years of negative free cash flow and prolonged underperformance versus the S&P 500.
- Author: Vish (Hunting Alphas)
- Tags: 5-Minute Pitches, #noindex, Archive, #sa-origin, INTC, Tech

*This 5-Minute Pitch was originally published on Seeking Alpha before the launch of the Hunting Alphas website. It is shared here to showcase my previous work and track record. New 5-Minute Pitches published on this site will not be disseminated anywhere else.*

## Elevator Pitch

- After an active return of almost +31% on my previous 'Sell' view on Intel, I am maintaining my bearish stance post Q2 FY24 results.
- Intel investors face a potential long-term FCF bleed, as the company is not expected to be FCF positive for the next 4 years.
- I believe investors should skip management's turnaround and transformation pitch and instead focus on evaluating the results.
- Notwithstanding the recent guidance shockers, I believe proactive and transparent communication is lacking since the company did not issue a timely profit warning to inform of a drastic EPS downgrade.
- Valuations seem to bake in a bit of an undeserved semi + AI-theme in my view, as the stock still trades above its long-term average multiple. The technicals suggest a multi-year lag vs the S&P 500 going ahead.

Read the full article [here](https://seekingalpha.com/article/4713697-intel-why-a-turnaround-seems-unlikely?ref=huntingalphas.com).

#### Disclosures and Disclaimers

**Past performance ≠ future results. Not investment advice. See* [**full Disclaimer*](https://www.huntingalphas.com/disclaimer/)**.*