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Analysis: Intel's stock, up 28% in August, is trading at a 53 forward P/E ratio, its highest since early 2002, reflecting its declining profits in recent years (Ryan Vlastelica/Bloomberg)
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Ryan Vlastelica / Bloomberg:
Analysis: Intel’s stock, up 28% in August, is trading at a 53 forward P/E ratio, its highest since early 2002, reflecting its declining profits in recent years — After months of turbulence, Intel Corp. bulls are finally being rewarded for their patience. But the stock’s sudden rebound comes …
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