Is It Too Late to Buy Intel Stock?

Intel (NASDAQ: INTC) was once considered a reliable blue chip stalwart for long-term investors. As the world's largest producer of PC and data center CPUs, Intel had a strong brand, a captive market, and a wide moat.

It remained resilient throughout previous economic downturns, and it generated plenty of cash to cover its share buybacks and dividends. But today, Intel's stock hovers near its 52-week low and trades at just 12 times forward earnings. That decline has boosted its forward dividend yield to 3.5%.

Has Intel become an undervalued income play at these levels, or is it too late to buy its beaten-down shares? Let's review the company's latest challenges and its ongoing turnaround efforts to decide.

Source Fool.com