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Non-Tech : Cendant Corporation (NYSE:CD)
CD 6.195+16.4%Dec 22 3:59 PM EST
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To: elk who wrote (1055)7/15/1998 10:35:00 AM
From: VALUESPEC  Read Replies (2) of 3627
 
Elk, you will pay a premium for safety, won't you? Are you saying you would rather pay the price that CD will sell at after all the news clears up?

I personally like taking my chances will others are still emotionally stunned or in financial straights (margin calls) which will cause them to sell at any price.

I have a lot of CD right now, and so far I feel good about my $ 15.38 large purchase.

This stock has been making me work harder than I had hoped for my money, but I still believe I have a great chance at achieving superior overall returns on my CD.

. . . now only if the stock price will cooperate.

So far so good, as we are still hovering around $ 16.00. As time goes on, confidence may build up and more will start looking forward to that finished audit in a short number of weeks (maybe 6) or to the preliminary findings report (maybe 2 weeks), or to the strong earnings performance and comparisons which this company is likely to put forth in the upcoming quarters.

I think $ 20+ this year is still reasonable. I used to predict $ 30 before the end of the year, but I will now become more conservative, especially in light of the recent bargain prices one could pick up CD for (now ~ $ 16.00).

Of course, who knows if this stock will be end up being a flop, but I think the odds are significantly in my favor of a rebound and warrant a very heavy position in the stock.

VALUESPEC
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