Thursday, October 23, 2008
Bought A Little Dell Stock
Just bought Dell Computer at $11.83 per share.
With its recent steep decline, it now sports only a $23 billion market capitalization. They have $9 billion in cash on the books and very little debt ($2 billion).
Even if they only earn $1 per share next year (beneath the $1.46 consensus estimate) this stock is trading CHEAP.
I think it's fairly safe to buy some and forget about it for a while.