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Non-Tech : Cendant Corporation (NYSE:CD)
CD 5.510-11.7%3:59 PM EST

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To: Todd D. Wiener who wrote ()7/14/1998 10:11:00 PM
From: Balata  Read Replies (2) of 3627
 
I sell hotels for CENDANT
This has been a crazy 6 months with CD. I bought a lot of shares when getting this position with the company selling Days Inn-Howard Johnsons-Ramada. The company makes a killing along with the sales reps. I think H.Silverman is a great business man and will turn this around. For Forbes and CUC- this is getting real hairy. CUC is a company that makes the coupon books you buy and distribute. This is not the main money maker for Cendant, but this has lost CD alot of market share and good faith. For me- I was turned away from a deal of 350 rooms because of the problems with the company. I see CD slipping a couple of points lower, but rebounding in a long term hold. This company is to strong, and will not rollover. Watch this stock this week and be ready to buy STRONG next week if it hits below $12. Do not let CNBC and the news scare you away from this buying opportunity. I will be talking with my RVP (regional vice president) and keep all informed about any announcements.
I know it is tough for you shareholders- I lost 12K today, but it will be resolved in a professional manner.

good luck- LONG with CD

Balata
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