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Technology Stocks : John, Mike & Tom's Wild World of Stocks -- Ignore unavailable to you. Want to Upgrade?

To: Jorj X Mckie who wrote (2226)	3/7/2001 12:40:27 PM
From: John Pitera	Respond to of 2850

CD which is one of my Favorite value/growth stocks has had a great day, take a look at the piff chart, I bet you'll like what you see. I think that Mike's Basis is south of 10 on CD. I see that LEH had a blurb on them the other day. ----Cendant Corp(CD) 1 - Strong Buy Raising EBITDA Estimate Despite Economy; Reit Strong Buy We are raising our EBITDA estimate for Cendant to $2.1 billion from $1.95, billion keeping EPS estimates at $0.95 for 2001 and $1.10 for 2002 (higher shares), despite the decelerating U.S. economy. Our short-term target continues at $15, with a longer term (24-mo.) target of $30. Our incremental EBITDA comes mainly from our increased estimates for Avis (fleet management remains strong, auto rental not as weak as we feared), as well as increases in mortgage and relocation. The increased shares outstanding(925MM from 900MM) result from options coming into the money and the recent offering. ----