Cramer Touts Message Board

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Non-Tech : Cramer Touts

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To: ~digs who wrote (216)	10/30/2005 7:42:44 PM
From: ~digs	Read Replies (3) of 843

update: [CD] CENDANT CORP › 17.72 ..another one bites the dust stockcharts.com[w,a]daclyiay[pc40!c200!f][vc60][iut!La12,26,9!Ll14]&pref=G from the monday, oct 24th edition of maddmoney.blog : -------- CEO Henry Silverman of Cendant (CD) was Cramers guest today. CD dropped 6.57% today on a split-up announcement. Silverman doesn't believe that the drop was due to the split. He believes that Katrina and Rita, coupled with the London bombings hurt CD. Also investors want a "levered recap" and CD will not be doing one. Last the split won't happen for 6 to 9 months which has many disappointed. Silverman told Cramer that you cant just buyback stock all willy nilly when Cramer asked why he wasn't buying any back now. The CEO said investors need to be patient. The market strategy did fail according to Silverman. Moving ahead with the breakup strategy will unlock shareholder value. Cramer is disappointed with the performance of the stock, but he is holding it saying, "I think there is real value."

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