Top value investors are farming in the DELL

Aaron Pressman

Dell’s cratering again today, down 7%, after last night’s disappointing second quarter earnings report. But there’s less than meets the eye to the reaction – it looks like the growing interest of top value fund managers like Mason Hawkins and Wally Weitz is putting a floor under the stock. Long-term investors might see the same opportunities as those smarties. In fact, today’s decline only takes the stock back down to about where it was on Monday, and still about 10% above the low it hit last month when the company “pre-announced” its second quarter disappointment.

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