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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: Jyoti sharma who wrote (506)5/6/1998 4:25:00 PM
From: VALUESPEC  Read Replies (1) of 3627
 
Jyoti, thanks for noting some of the important facts. I hope to make a transcript of the conference call (not the questions) soon. It was so reassuring and informative that I think it would be a great resource for us.

I see things the same way that you do. It think that today saw some traders bail out and I believe that the only reason that the stock is this low is because the institutions are waiting for more info to come out from the audit that is being done. When they are sure things will not turn worse, then the stock will probably rise fast. In the meantime, I will be very surprised if this stock falls under $ 20.00.

I'm planning on waiting these rough seas out for the $ 30 + mark which I feel is very likely by the end of the year, assuming normal market conditions.

CD: $ 24.06b $ 24.13a

VALUESPEC
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