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Non-Tech : Cendant Corporation (NYSE:CD)
CD 7.190-5.0%Dec 12 9:30 AM EST
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To: Nick who wrote (226)4/17/1998 4:33:00 PM
From: VALUESPEC  Read Replies (1) of 3627
 
If they wanted a sub-standard product, they could drop the valuable franchise names that CD holds, and name the hotel under their own names ! However, the fact that they won't tells me they have a valuable franchise. Owning a good franchise is like having a sort of monopoly. It give you pricing power, etc.

CD ended up quite strong @ $ 21.19b $ 21.25 ask. I'm up over 100% for the 1Q of 1998 and it looks Iike I will probably add another 100% this quarter (I hope, thanks in part to CD).

VALUESPEC
valuespec.com
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