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Non-Tech : Cendant Corporation (NYSE:CD)
CD 6.140-17.3%Dec 5 3:59 PM EST
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To: VALUESPEC who wrote (502)5/6/1998 4:15:00 PM
From: Jyoti sharma  Read Replies (3) of 3627
 
Valuespec

I listened to the conference call yesterday very carefully and bot additional 1000 shares at 24 3/8. My reasoning :

Management is on top of the business and all sections of business have very high margins.

Accounting problems will be resolved by July with adjustments to 1997 and earlier results. Last quarter there will be little or no impact.

Management will do every thing in their power to raise the stock price before their AB merger / buyout.

Management is already in the process of getting permission from state regulators to consummate AB merger

CD is likely to earn $1.47 in 1999. With a multiple of 30 gives a price target of 44 with in a year.

Mgt will start talking to major investors by end of May 98. This will provide upward momentum to the stock

Jyoti
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