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Mark Hulbert

ANALYSIS: What History Says About Dell's Leveraged Buyout

CHAPEL HILL, N.C.--Dell Inc. (DELL) has a better shot at success as a private company, right?I am not so sure.Of course, Michael Dell himself, along with Silver Lake, a private-equity firm, would like the company's shareholders to believe the contrary. They are offering to take the company private through a leveraged buyout valued at $24 billion, reasoning that the computer manufacturer has greater odds of long-term success once it is freed from the need to meet Wall Street's short-term earnings expectations and therefore can truly invest in ways that promote long-term success.But a fascinating recent study found no evidence that public companies undergoing LBOs do any better, on average, after going private.The study was conducted by three researchers at the University of Texas at Austin which, ironically, is just down the road from Dell's headquarters. Because the study was completed last November, it does not focus on Dell's proposed LBO. Its authors are Jonathan Cohn, a finance pro...

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  1. MARKET SNAPSHOT: U.S. Stocks Gain For Third Consecutive Week

    Stocks on Wall Street rose on Friday, posting gains for a third consecutive week after strong earnings from General Electric Co. and encouraging news about the U.S. ...

  2. MARKET SNAPSHOT: U.S. Stocks Gain But Intel Results Disappoint

    Wall Street on Friday headed to a third week of gains as investors weighed disappointing earnings from chip-maker Intel Corp. against news that the House of Represen...

  3. MARKET SNAPSHOT: U.S. Stocks Waver; Intel Results Disappoint

    Wall Street stalled on Friday as investors weighed disappointing earnings from chip maker Intel Corp. and a decline in consumer sentiment against news that the House...

  4. MARKET SNAPSHOT: U.S. Stocks Edge Lower In Face Of Earnings

    U.S. stocks tilted lower Wednesday after Alcoa Inc. cut its outlook for global demand for aluminum and food-chains operator Yum Brands Inc. beat profit estimates."Th...

  5. How to Play ‘The January Effect’

    MarketWatch Sr. Columnist Mark Hulbert explains "The January Effect."

  6. A History of Debt-Ceiling Fights

    There's a big fight brewing over the debt ceiling, with fears of a government shutdown creating chaos in the markets.But a government shutdown did not cause a stock ...

  7. Senators Face Constituents Over Health Care

    Rep. Joe Sestak, (R-PA), Sirius XM Satellite Radio P.O.T.U.S. '08 Program Director Joe Mathieu and Hulbert Financial Digest Founder Mark Hulbert on the busy summer recess ahead for lawmakers as they head to their home states to stump for various issues, especially health care.

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