I agree with this fully and love DELL at these levels for a hold of 2-4 weeks

Friday, April 4, 2008

Dell: FBR was impressed with Dell's analyst event; increased conviction that consensus earnings expectations are now too low (19.65 ) -Update-

Friedman Billings says that while reports suggested that Dell's analyst event failed to impress, they were actually quite pleasantly surprised and encouraged by what they heard. The firm was surprised by the frank discussion and level of detail was received about the specific issues Dell faces, and were encouraged by the signs of progress. More importantly, they were also encouraged by the time frame in which they can expect more concrete actions and product launches that should deliver further margin improvements through the rest of 2008. The event built the firm's confidence in the mgmt team that Dell has assembled over the past year and increased their conviction that consensus earnings expectations are now too low

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