Fair enough, Larry! (I like your ! too...) Actually, in some of your other posts, you seem pretty close to the mark in balancing some of the risks/rewards going forward....perhaps because I was crankin' my message out so fast..without review...the message looks more personal then intended....Sorry if that was the case...
Still, I don't think most of the shorts argument that you listed (Kumar, high rate of exercise of options, etc.) are worth too much of our focus here...The valuation issue/possible slowdown in growth is worth our full attention (I think at all times)...and even though Dell could slow a bit here, (by a bit, I mean...maybe 10% EPS in the next year, IMO, long-term (over the next 2-3 years) Dell should still produce a fine return...
I guess it really all depends on your hurdle rate and your adversion to risk (or lack thereof)...Some on the thread believe we will still double every year...or at least one more year....I don't think this is possible (would love to be proven wrong)...but the conversation gets a lot more interesting when you talk about Dell appreciating 30-60% this next year.....In my book, that is still a great return...
and a doable one for the next year.
BTW- If anyone who knows about a company that is a better bet to double in the next year (that is, a better bet than Dell is to make 40-60%....please PM me anytime)....
Sorry for any confusion. |
