Analyst Research Report Snapshot

Title:

Dell - Overview of Q4 2013 Results

Price:

$25.00

Provider:

Indigo Equity Research

Date:

21 Feb 2013

Pages:

10

Type:

AcrobatPDF

Companies referenced:

DELL.OQ

Available for Immediate Download
Summary:

Overview of 2013 Q4 Results - Another disaster Revenues & margins fell in all products, regions & client groups; except for servers. PC's continue to deteriorate with pricing pressure, and a weak macro environment. Dell has changed strategy and started to sacrifice margin to maintain market share. Excluding $250 m received for vendor settlements and recent big acquisitions; the underlying results were even worse. Windows 8 failed to boost PC sales. The critical valuation issue is the pending $13.65 offer to take the company private. As this is a buy-out, it is unlikely that the offer price will be raised much or another bidder will appear. If the offer falls apart, the share price will probably fall below $10 due to Dell's weak fundamentals. Thus, there is mostly downside risk at present. - Q4 Total Revenue fell $1.7 bn (-11%) to $14.3 bn. Investment thesis - Dell's turnaround strategy is fundamentally flawed. ….. …. In summary, despite the cheap valuation it's better to wait for evidence of a turnaround. This 10 page report includes: results analysis, investment thesis, recent key events, SWOT analysis …. Independent, buy-side, fundamental, financial analysis. www.indigo-equity-research.com

Why buy analyst research?

  • Institutional quality research
  • Available for Immediate Download
  • Detailed company or industry insight
  • Print or save
  • 24 hour customer support
Return to previous page without adding this item to your cart.
Email Customer Support.

About Analyst Research

Analyst research reports are available for immediate download after purchase. You will have unlimited access to the report for 24 hours after purchase, to download, print or save it as many times as you wish. Analyst Research provided by Reuters does not constitute investment advice, and is not endorsed by Reuters Research. This information is protected by copyright and intellectual property laws. More information on Analyst Research.