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Non-Tech : Cendant Corporation (NYSE:CD)
CD 6.140-17.5%Dec 5 9:30 AM EST
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To: T Pat who wrote (3065)2/21/1999 8:47:00 PM
From: BOB JOHNSON   of 3627
 
Pat,

The Cendant common stock does not pay a dividend. Cendant has
preferred (that is also convertible to common at a later date)
stock that costs more per share but pays a dividend. They are
called Prides. In personal accounts the income is taxable, in
IRA or SEP accounts it is at least deferred.

I share your opinion that Cendant can be a bumpy ride and in
all probability continue to be so but I think we both believe
the long term direction is (way) up.

Happy investing,

BOB
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