Published On: Thu, Nov 13th, 2014

Why Is Michael Dell Buying Shares of DineEquity?

2007 Consumer Electronics Show Showcases Latest Tech ProductsMichael Dell, whose fortune amounts to $15 billion, keeps his cards close to his chest. After taking his company private, Dell has flourished, but one has to wonder why he is buying shares of DineEquity.

Michael and his wife Susan started a foundation that has given millions to tsunami victims and has given $50 million to the University of Texas. Dell said, according to GuruFocus, “We consider ourselves to be a partial owner of the business in which we invest, not their value relative to other ‘peer’ companies or general stock market indices.”

However, in the last 8 months, Dell purchased shares of DineEquity. Its revenues have been declining for the last 5 years and its dividend payout is high. However, it could be that Dell believes in the future of the company, but according to GuruFocus, it is a “coin toss.”

Read more about: , , , , , , , , , ,

Wordpress site Developed by Fixing WordPress Problems