DELL TECHNOLOGIES INC DVMT
March 05, 2018 - 1:51pm EST by
member
| 2018 | 2019 | ||||||
| Price: | 73.00 | EPS | 0 | 0 | |||
| Shares Out. (in M): | 199 | P/E | 0 | 0 | |||
| Market Cap (in $M): | 14,500 | P/FCF | 0 | 0 | |||
| Net Debt (in $M): | 0 | EBIT | 0 | 0 | |||
| TEV (in $M): | 14,500 | TEV/EBIT | 0 | 0 | |||
Description
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| # | AUTHOR DATE SUBJECT |
|---|---|
| 334 | |
They paid out on Jan 8th and then on the 17th they backed it out causing us problem only to add it back the next day. Schwab has been a mess for the past year. | |
| 333 | |
Thanks raf. I'm told Schwab paid out but TD has not - and Schwab owns TD!
| |
| 332 | |
magic, I don't know about IB, but in addition to Fidelity, I owned this in many family accounts at E*Trade (now Morgan Stanley) and not one account there has paid out yet. | |
| 331 | |
Has anyone gotten this at IB? I don't believe so. Has anyone tried to ask why? I'd rather not get the money than go down that wormhole.
I'm told all the money was sent to | |
| 329 | |
Settlements will start hitting accounts today. | |
| 328 | |
Details on the DVMT settlement here:
http://www.dellclassvstockholderlitigation.com/
Anyone have a guess on what the outstanding shares will be used to calculate? I think 199 Million. Lawyers are asking for 28%. Should be $3.60/share if they get it | |
| 327 | |
Not too shabby...w/ 199m shares outstanding and assuming a 25-35% lawyer cut should get b/w $3 and $3.75 a share for every share you had when deal closed. If you don't know what you had... login to read the rest | |
| 326 | |
what about the ability to integrate the businesses? Is that being diminished bc of a spin? The ability to integrate the sales force better for ex? | |
| 325 | |
Spinning VMW increases his paper wealth, but it decreases his optionality and reduces the ability to create true wealth for himself. If he wanted to exit like Silver Lake, a spin would make sense. If... login to read the rest | |
| 324 | |
It's a good question and one I have thought about a lot as well. I'm curious of other thoughts on this as well and will share my 2c.
While I do not know Michael Dell personally,... login to read the rest | |
| 323 | |
Having just started looking at this, I feel like the proverbial patsy at the poker table. Dell looks like a reasonable investment if you want to own VMWare. The SOTP trade (long Dell, short VMW)... login to read the rest | |
| 322 | |
I was asking YOU to explain!
Seriously, though, the most interesting part to me was about 2/3 of the way down, when he talks about value moving up the stack further "so there's no value down... login to read the rest | |
| 321 | |
that's a super interesting observation! now can you explain what hes saying for the generalists in the room, cause I understoof half that haha | |
| 320 | |
Some very negative commentary yesterday afternoon on what (certainly appears to be) VMW and its bet on Kubernetes from a fairly senior AWS executive (LinkedIn), who leads the team focused on the Serverless AWS ecosystem. ... login to read the rest | |
| 317 | |
The VMW acquisition pace here is clearly a worry given how much more deal-driven this company is becoming. Obviously, some are small and some are large, but there is a trend.
Acquisitions by year:
2015: 22016: 22017: ... login to read the rest | |
| 316 | |
Is it? I dunno. I don't know what CBLK does/is. I barely know what VMW does.
What I do know is Michael Dell and Silver Lake *do know* and I view this company like a private... login to read the rest | |
| 315 | |
dont know anything about CBLK but is this a good/accretive/synergistic deal for VMW?
Thx. | |
| 314 | |
Perhaps, but the language about negotiating an exchange ratio was strange if it were going to be a straightforward swap.
The more I think about this the more I think there is a justified fear that... login to read the rest | |
| 313 | |
Sorry, forgot to mention 2nd part. DELL already has 10s of millions of VMW Class A shares (in addition to their B's). I don't think that's an issue. They wouldn't sell in open market. They... login to read the rest | |
| 312 | |
No strong view here but I'd note DELL is not giving up control. They control VMW which will own PVTL. Hard to argue for a control premium.
Also someone smarter than me (not saying much) pointed... login to read the rest | |
| 311 | |
Additionally, whatever amount of VMW stock Dell actually agrees to take would be freely-tradeable VMW Class A common, potentially adding materially to the VMW float, right? Maybe they would agree not to sell it, but... login to read the rest | |
| 310 | |
Re-reading the 13D/A filing, do we think Dell has actually *agreed* to exchange PVTL B shares for VMW common? It says the special cmte "requested in writing" that this occur, and that they are "to be... login to read the rest | |
| 309 | |
I agree; the 4b is def part of the core number. I guess they "pair" it with VMW holdings and pretend it's not part of DELL CORE. There was a really good sell side report... login to read the rest | |
| 308 | |
Hey all sorry if im missing something obvious, but why does mgmt back out the 4 billion margin debt when giving the core Dell debt number? Seems to be recourse to Dell and a normal... login to read the rest | |
| 307 | |
No not necessarily important b/c it isn't the only reason to own it, i just wanted to clarify the thesis before going deeper b/c was hearing contradictory things and it wasn't adding up/seemed to simple... login to read the rest | |
| 306 | |
jso- it seems as though you feel that a spin of VMW is important for you to be comfortable owning DELL at this price. Why is that? Personally, I've thought there are other ways to... login to read the rest | |
| 305 | |
aviclara181,
you are my hero. will you marry me?
thanks in advance. | |
| 304 | |
OK thanks for the clarification. I really appreciate the detail, that explains the difference.
| |
| 303 | |
Yes. The point is: there is no need to dividend out the stakes today as we are outside the 5yr anniversary of the EMC deal, a pre-requisite for a Section 355 tax-free spin. So, what... login to read the rest | |
| 302 | |
aviclara - this makes a lot of sense. So my read that right now you cannot dividend out the VMW stake is true today but at after deleverage <3.75x the restricted payments clause would enable them... login to read the rest | |