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Non-Tech : Cendant Corporation (NYSE:CD)
CD 5.795+8.9%12:04 PM EST

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To: Jake0302 who wrote (1024)7/15/1998 8:50:00 AM
From: Gale  Read Replies (1) of 3627
 
I am a Jackson Hewitt franchise owner and a number of other business partners called me last night knowing that I was a member of SI and wanted my opinion about the events.

They were confused and concerned about where all this would take us. Also CD has reported that non-core businesses were for sale and we at Jackson Hewitt don't think we're core. On the other hand, CD has not made any contribution to our operation yet so I think we don't feel too threatened. Lots of smoke and promises at the recent convention, but all that is yet to be seen (as we only have revenue Jan-Apr). Of course many of us have stock in CD and all seem to be holding. I didn't hear from anyone that sold. Others will buy more to lower their total costs.

We have a meeting in New Orleans tomorrow and I'm sure some information will be presented. If so I'll post on that.

Hope this gives some input FWIW.

Gale
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