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Non-Tech : Cendant Corporation (NYSE:CD)
CD 6.440-10.3%Dec 15 3:59 PM EST
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To: VALUESPEC who wrote (479)5/5/1998 12:12:00 PM
From: elk  Read Replies (1) of 3627
 
Where's your Stop Loss on CD? You always put one in, so where is it at? Today's price certainly looks like a vote of No Confidence by Wall Street. Better than expected earnings should have moved this stock up, instead of this drop, maybe the Street questions the Veracity of the Earnings, With Management's Past Track Record of 'Fudging' the numbers the reason why there is no trust in the accuracy.

Is it because Silverman refuses to face his shareholders at the Annual Meeting so soon after this has come to light, after he pocketed all that cash from dumping his shares prior to when the Deceptive Accounting Practices were revealed? Or maybe it is because yet another Law Suit hit today, how many is that now? 25? 30? They keep coming. You overstate your profits and so did CD, no wonder why you like this company. It has the same accounting practices you use to figure out your yearly profit on a Daily basis.

Isn't Ironic......
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