Michael Vi Investment Thesis Dell Technologies (NYSE:DELL) may be undervalued, given a perceived disconnect in the expectations of future free cash flow growth and the company’s consensus revenue and profit growth. Additionally, the markets that Dell does business in are either growing rapidly or are near a bottom in their cycle. Combined, these factors may make Dell a great investment opportunity by way of free cash flow growth and/or the stock gaining a premium P/FCF multiple reserved for a moderate-g ...