S&P's take on DELL- PE (99)=61, Forward PE(00)=42 EPS Growth=60% Valuation based on next years earnings=$93.00,warrants buying.
Richard:
I see you are doing quite well then,sorry to hear you had to give up
1800 shares though.
I know somebody already posted this from bloomberg but this is bit more detailed. S&P says Dell (a premier growth company) warrants buying,well some us already know that but this is not bad.
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S&P Raises Estimates for Dell, Reiterates Buy
Friday November 13, 1998 (08:35 am ET)
NEW YORK, Nov. 13 (Standard & Poor's) - S&P equity analyst Megan Graham-Hackett raised EPS estimates for Dell Computer Corp (DELL) after Q3 EPS of $0.28 vs. $0.17 beat Wall Street's mean estimate of $0.27. She reiterated her (*****) (buy) recommendation on the stock.
Graham-Hackett notes that 51% revenue growth came on a 66% rise in units, with a flat average selling price versus Q2 a key stat. She says operating expenses were below her estimate, aided by cost-efficient Internet-based sales, which grew to $10 million/day from $6 million at last count. Operating cash flow for the quarter was a robust $586 million, and inventory just seven days.
Graham-Hackett raised her fiscal 1999 (Jan.) EPS estimate by $0.02 to $1.07 and her fiscal 2000 forecast by $0.05 to $1.55 as co. sees operating leverage from prior infrastructure investments. She says that at 45 times her fiscal 2000 estimate, compared to 60% EPS growth, shares of this premier growth company warrant a buy rating.
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