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Strategies & Market Trends : Value Investing

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To: Madharry who wrote (20647)2/23/2005 4:57:15 PM
From: hoyasaxa  Read Replies (1) of 78745
 
CENDANT (CD ), which started expensing voluntarily in 2003, has gone even further. An employee who used to receive an option grant worth $1,000 now receives about $550 worth of stock -- but only if the company hits financial targets. That, and CEO Henry Silverman's decision to forgo options starting in 2002, has helped CENDANT cut its equity grants from 59 million options in 2001 to just 1 million options and 12 million shares of restricted stock in 2003.

If I wasn't closing on a hosue tomorrow and was more liquid, I'd increase my small position in Cendant 10-fold.
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