When practically everyone says something will happen in the financial markets, typically something else actually happens. That's a foundational belief of contrarians, and that belief is being tested now as Intel (NASDAQ: INTC) is so unloved that it may, indeed, seem unlovable.

If I had a dollar for every venomous mention of "losing market share," "value trap," "catching a falling knife," and "eating Intel's lunch" (usually referring to Advanced Micro Devices), I'd be fabulously wealthy by now. Much more difficult than pointing out the obvious potholes on Intel's long, perilous road to recovery is identifying and articulating the bullish side of the argument.

I'm happy to take up that challenge and accept any ridicule I may incur in the process. I'm certainly not recommending putting all of one's chips on this chipmaker, but the bearish argument against Intel stock has become so obvious that anyone who calls themselves a contrarian ought to at least consider the other side of the trade.

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Source Fool.com