Diluted EPS, Qrtly Earnings Growth, Profit Margin. Operating Margin, Return on Assets are basically the same statistic and highly correlated. The depreciation is massive and the cost savings should be coming. Hopefully the online growth (read to conference call transcript these are google, yahoo sites) improves. Yes, these can get worse but that is not what they are saying.
From MSN money, Cash flow statement. 3Q thus far
Net income -259 MM
Depreciation +524 MM
non-Cash Items +75 MM
about +350 MM
That is the unknown they are servicing it. When is the next big debt payment due? Dex one was paying down debt massively, However they still have been paying down debt 100 MM or more a quarter.
Go to cash flow statement and add net income, depreciation, and other non-cash items, that is the true earnings. That should be about $400 million for the year divided by 17.60 million shares outstanding is $22 true EPS or p/e of 0.2
look at the fcf and operating cash flow.
Revenues per share and fcf per share have more than doubled since 2004 when Dell was priced $40. This stock like all large tech is at bargain basement prices. Dell ripped off the small shareholders by taking their equity without their permission in a stock vote. The majority ripped off the minority. I want a list of every vote so I can write them a letter to tell them they are either a moron or corrupt. Either way they should be fired. Good riddance of the fat old Dell. Just like his hardware junk!
Dell value. p/e ratio of 2.
Icahn congratulate Dell for his move. Then he blamed the board. did not Dell have any influence in who was on the board? Tax Dell at 90% he deserves it.
Do a $1 billion a quarter buyback and if you have to put non cash charges on the books I think you might start with a $2 billion buyback for the 1st quarter. With HPQ being removed and the special charges it will put a lot of negative pricing on the stock.
This is almost as bad as KKPNY. Slim starts buying shares. As result the stock drops like a rock. Then he gets on the board and cancels the dividend. The stock drops further. Then he offers a 2nd offering for money he did not even need at $1 diluting the stock 3:1. Then if offers to buy it out for $3. Basically the guy probably got the company for free and the buck tooth dumb Dutch government sit there like clowns.
He basically stole the company from those that did not want to sell. It is worth over $100. Good to know he is going somewhere hot when he dies. Rasies his capital gains and his income taxes. If you don't you are a welfare queen you geeks.
Why hasn't there been any other offers? MSFT? Why does Carl come on two days before the vote and say it is over. I noticed there are a lot of lawyers that deal with this situation where the large shareholders like to take from the small shareholders. Will one of these firms get involved?
I hope so. Why would Icahn come on 2 days before vote and say he is done. What was discussed at the lunch between Icahn and Dell. Who is lead plantiff.
The true fair price would be double the 10 year high. I believe this stock was once $60 so the fair price would be $120. I suggest Koch buy shares on the open market until he owns 90% then pay a reasonable price for the remainder.