Macro Story - Premier fab facilities
Fundamentals - Great cash flow, low PE, 3% div
Technical - Some support at $18
Risks - Too tied to PCs, although probably the chip of choice for the cloud.
General Strategy - Potential P/E expansion to provide gradual capital gains while generating income via 3% div and 6+% via put selling and covered call writing. Aggressive acquisition and holding when price is under $20 and begin to unwind positions at $22.
Money Management - Capital allocation divided into 5 positions.
Initial Position: As of the initiation of this blog 4 position were established at an average price of just under $20.