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Non-Tech : Cendant Corporation (NYSE:CD)
CD 6.900+5.3%Dec 9 3:59 PM EST
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To: Benkea who wrote (1222)7/25/1998 2:57:00 PM
From: jjs_ynot  Read Replies (1) of 3627
 
However, what we have here is a broken down stock. At this point, the book value is important. Suppose that in worst case CD declared Chapter 11 and had to sell off assets. My claim is that there are more than $15 in assets that could be sold to repay shareholders. OXHP has very little in my opinion. I was trying to show why there is a floor on the price of CD based on it salvage value alone. The brands that they own should not be underweighted. They are probably worth the stock price themselves.

My 2 cents FWIW.
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