Cendant Corporation (NYSE:CD) Message Board

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Non-Tech : Cendant Corporation (NYSE:CD)

CD 6.580

-23.7%

Dec 2 3:59 PM EST

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To: Apakhabar who wrote (1259)	7/28/1998 12:19:00 PM
From: Bob Rudd	Read Replies (1) of 3627

<<ABI deal has gotten less notice here than it deserves. Because the stock price is so weak the deal will cost CD more shares and thus be more dilutive.>> I did some quick & dirty back of envelope calc's and came up with a post merger PE of 16 to 17 based on 15.50 share price, CE @ 1.07 & ABI @ 2.55 earning in 98 IF the numbers are real, and IF the growth materializes at 20% Henry recently indicated that's not bad. I'm a toe in the water long expecting to add to position on dips. Agree that more potential bad news and uncertainty out there and would like to see more discussion of those on this board. Unfortunately, once the risk and uncertainty are favorably resolved, the shares will no longer be a bargain - if they are now. You pays your money and takes your chances. BTW, good post. Bob

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