Cendant Corporation (NYSE:CD) Message Board

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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: VALUESPEC who wrote (213)	4/17/1998 11:25:00 AM
From: 16yearcycle	Read Replies (1) of 3627

Only if there is massive fraud, and it is being treated like there is, is this stock price justified. Silverman was interviewed last night and says this is a huge overreaction. I know you love it, Nick, and I agree that he can't be trusted now, but would he deepen his trouble now? Not unless he is in denial. Full disclosure will save this company. If more crap comes out and cuc was committing massive fraud, anyone buying now will be crucified. But if they were simply booking rev's up front, while spreading expenses out over 3 years, you will get a double in 24 months almost certainly, regardless of their cruel mishandling of franchisees "detailed" by Nick.

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