CTC -- You claim that no "bears" provide DELL related issues.
That is the essence of my earlier post -- not to provide DELL revelations.
The modus operandi of this thread is iterative requests for greater detail, presumably for clarification. However, since many "bears" have repeatedly provided detailed responses, I must conclude that such tactics are really designed: a) to wear down the opposition; or, b) find some particle in the details which might render the entire thesis less valid.
By your generalized statements on "bears" avoiding DELL matters, I am less inclined to invest time toward a detailed discussion that will be soon forgotten. [Please understand, this is not a personal matter.] Certainly, I will not reiterate the "bear" contributions which are chronicled on this thread. If you are diligent in understanding the matter (vs. debating), spend the time to review prior posts to you, Meathead, et al.
Although the questions appear to be a retreat to safety, a brief response to your inquiry is provided:
[No attempt has been made toward detail, as the topics have already been scrubbed.]
Are you suggesting that there are operational problems at Dell? If so, what are they?
As we know, [despite claims to the contrary] DELL does not operate in a vacuum. Therefore, an approach which seeks problems within DELL is inadequate. Analysts and SI posters alike have discussed (in some detail) the current condition of the PC industry as well as potential trends. In short, "problems" at DELL are not requisite for the stock price to fall.
Cat, do you ever worry about a predictive market?
Are you suggesting that there are cash management problems at Dell? If so, what are they?
[See above.]
Are you suggesting that Michael Dell and Tom Meredith are dishonest or purposely obfuscating important facts for investors? If so, what evidence do you have?
As stated before, an attempt to frame the discussion into ethics is an obfuscation. Evidently, the analysts are skeptical enough about DELL's immunity to cross-examine and [reportedly] still have concerns, questions. This is a reasonable reaction when faced with remarks, such as: a) DELL is experiencing no pricing pressure; b) DELL ASP is holding steady; c) Asia represents a substantial growth area for DELL, near-term; d) operating margins will continue to trend upward, despite aggressive expansion plans. It is possible that all these things are true; however, the analysts are wary.
Are you suggesting that there are problems managing growth at Dell? If so, what are the problems, and how do you know they exist?
We have discussed the potential for various critical masses in manufacturing, inventory control, etc. While not immediately apparent, these represent potential threats. So far as we know, these have not manifested to-date; however, it would be foolish to ignore all unrealized events as non-issues.
[Curiously, you have not asked about DELL's market position and potential threats to middle-segment players. This has also been a topic of much discussion.]
Again, the attempt is not to 're-hash' issues, rather to contest your statement regarding irrelevant "bear arguments." Practically speaking, DELL "bulls" have become conditioned and no rationale is adequate to shift the behavior -- predictably so, I might add. No matter; if catastrophe hits, the possibility of an underwater DELL investment is nil. Right?
Enjoy the day. |
