So Dell took the company private in 2013 for 24.4bn. Right now the market cap is 34.26bn, most of the value from Dell’s 80% stake in VMWare (worth 65bn). So one

So Dell took the company private in 2013 for 24.4bn. Right now the market cap is 34.26bn, most of the value from Dell’s 80% stake in VMWare (worth 65bn). So one it’s face, Dell looks pretty shitty. Since the buyout was announced (Feb 5, 2013), the S&P has returned around 105%. Dell as only returned 40%, mostly due to the massive amount of debt Dell has been loaded with. Anyways I was hoping to make some argument about HP or Lenovo doing worse in that time period.. but after checking, Dell is indeed doing pretty shitty. Maybe I could make some weak argument about once they pay off their debt, but I dunno, he and his leveraged buyout guys could have done better with an index fund.