Cendant Corporation (NYSE:CD) Message Board

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Non-Tech : Cendant Corporation (NYSE:CD)

CD 6.550

+6.7%

Dec 8 3:59 PM EST

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To: VALUESPEC who wrote (491)	5/5/1998 6:16:00 PM
From: SeanS	of 3627

Hi, This company is following much the same pattern as a stock I used to own, Boston Chicken. As in this case management, sold lots of stock at inflated prices to expand and make acquisitions. Also as in this case, when info about unconventional bookkeeping surfaced, a lot of investors decided to take a wait and see attitude. I'm sure that you are aware that the stock is now about 1/10 of it's high. In the aggregate investors lost a fortune. I'm not suggesting that CDs' share price will decline anything near this much. But until these clouds start to clear I believe investors are going to mostly avoid this issue. A person who has large holdings in this co. just might be wise to lighten up their position for now, and put the money to better use elsewhere.

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