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Technology Stocks : Dell Technologies Inc. -- Ignore unavailable to you. Want to Upgrade?

To: D.J.Smyth who wrote (160750)	9/15/2000 6:18:14 PM
From: willcousa	Respond to of 176388

Darrell - Nice analysis. I would bet that this kind of thing goes on almost daily.

To: D.J.Smyth who wrote (160750)	9/15/2000 7:15:58 PM
From: Meathead	Read Replies (2) \| Respond to of 176388

Dell is now significantly undervalued and a screaming buy here IMO. Re: THEN, suddenly, out of the blue, from nowhere, all this buying comes rushing in, and most traders appear baffled by it all, including me. LOL! Add me to that list. Dell now trades at a forward PE of just 29. But even more surprising is the fact that it's PEG is now a paltry 1.1!! That is much lower than it's peers IBM, HWP, AAPL, CPQ, GTW which range from a low of 1.4(GTW) to 2.1(HP & IBM). Let's split the difference and give Dell a PEG of 1.6. That would give them a current valuation of $55/shr. At 2.1 like IBM, Dell would be trading at $70/shr. Dell will miss their rev target of 30% and come in at ~27% this year but they should easily hit the .92 EPS consensus. Likewise, if next year is just mediocre, they should easily hit the consensus of 1.22 on rev growth in the low 20% range. PEG and fwd PE are calculated on 1.22. Everyone is focused on the rev picture right now. Yet most mature companies like Dell are valued based on earnings and earnings growth. Price to sales is about the only metric I've seen that ties these two together and nobody uses it to value a stock. If there was a PRG (Price to rev growth) tied to valuations, then that would be different. At $35, downside risk is virtually eliminated unless the business fundamentally begins to unwind. Over the next 6 quarters, the market will redline between extreme optimism and pessimism at least 3 more times. One of those optimistic bursts can easily take this stock to $70 for a low risk doubling of ones money within that timeframe in which we will likely see a Euro recovery, easier yoy comparisons, Win2000 acceptance, IA64 w/DDR, Convergenet storage products, Govt spending pickup etc. etc. All it would take is for a few of these planets to line up at any given time. Gee, what are the odds? MEATHEAD

To: D.J.Smyth who wrote (160750)	9/15/2000 8:44:15 PM
From: OLDTRADER	Respond to of 176388

PRECISELY!The crooks are the broker dealer firms /MM's/Trust departments-etc.etc.etc who by exquisite and ruthless design scrapped all the marbles into their pockets by denigrating separate account brokers and for all intents and purposes not allowing said brokers to even have many separate account clients.This occurred over the past twenty years-.The clients are now more than ever just for window dressing.Now they have silenced the companies from speaking so you have a real first class mess!