Ron, I disagree. Fundamentals? 1 Billion dollars next year? Great, but does anyone know how much the legal bills will be? How much will it cost CD to settle all the various suits, both already started, and those yet to come. Imagine, Harry Silverman is calling it fraud and intending to decieve, Imagine what the lawyers will call it. This is going to cost big dollars, and you will see a big time hit to the bottom line of this company. It will be a drag on the rev's for a good long time, unless Harry bites the bullet now, and just tries to make it go away fast, in which case, it will be a larger dollar amount, but allows the company to move on. Not only is CD suspectible for the CUC end , but also the HFS's Due Dilligence is an issue. It will pop up and down, but to expect sustained movement any time soon, is gambling, IMO.
This could be a great company a year from now, but thats assuming that they restore some credibility. |
