Writes a pal frustrated by logic:
“Dell is the first company in history to be worth over $100 billion and have a 100+ PE.
Is there no end in sight? Will Dell be worth more than GE and MSFT combined?????”
Maybe not, but if you click on my SCALE, you will see that — as of this writing, anyway (Tuesday morning) — Dell is now worth more than General Motors, Ford and United Airlines combined.
I’m told one reason for Dell’s latest surge is that it may split its stock. As faithful reader Wayne Arczynski explains, with respect to another high flyer:
“Microsoft announced a 2 for 1 stock split, Oh boy! Oh boy!!! I get 2 nickels for every dime… Yay!!!!! What I like best is that my stock surges on the news. I’d like to talk more, but I’m heading down to the bank to change a fifty. Normally I’d just get a couple 20’s and a 10, but today I feel rich — 10 five’s for this kid. What’s great is that even my five’s are divisible. Is this a great country or what?”
It is a great country indeed. Maybe we should split it.