Cendant Corporation (NYSE:CD) Message Board

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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: Benkea who wrote (2996)	2/4/1999 9:05:00 AM
From: Larry S.	Read Replies (1) of 3627

Benkea, at risk of incurring your wrath, I have a lot of respect for HS. Yes, he made MAJOR blunder in the whole CUC acquisition. But he has accepted responsibility for it and has taken major steps to regain the companies credibility. Cancelling the ABA deal, setting stock buyback, selling software, getting rid of the whole CUC board, complete co-operation with restating the books. As for the re-pricing of the stock options, i agree that it does smell fishy, but how much did it amount to , and was it necessary to keep the key HFS people in place and attract the personnel needed to run the company. CD is one of my largest holdings, and i expect to make a lot more money from my investment in it. Larry

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