Summary
Michael Dell isn’t really shareholder-friendly.
This leads to what we call the Dell-discount.
DVMT-shareholders have to take this Dell-discount into account in order to determine the best way forward.
The Dell-discount
Andrew Barry wrote it very astutely in Barron’s: ”The very rich may be different from you and me, but that doesn’t mean they can’t be on the side of their fellow investors. Billionaires like John Malone and Warren Buffett have long viewed their shareholders as business partners. That’s not the case with Michael Dell.”
Michael Dell isn’t really shareholder-friendly. This leads to what we call the Dell-discount.
There are different ways to calculate the Dell discount.
