Cendant Corporation (NYSE:CD) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Cendant Corporation (NYSE:CD)

CD 7.190

-5.0%

Dec 12 9:30 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Sparkle who wrote (1136)	7/20/1998 2:43:00 PM
From: joe	Read Replies (2) of 3627

the preferred is cd pr i. on aol its symbol is cd-i. the par is $50. the coupon is 7.50%. that makes the annual dividends $3.75. that does not mean that the stock will get called at 50 !!! the preferred will flucutate with the price of the common stock. if the common goes down the preferred will do the same. however if you believe that cendant common will be substantially higher in 2001 then this is a great oppurtunity to earn 12% yield and capital appreciation. current yield calculation cy= annual divds divided by price cy= $3.75 divided by $31= 12.09% the rating is A-. however their is a alight chance of credit downgrade, however this is still a solid investment grade rating. this is one of the greatest values i have ever seen in the convertible market.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next