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To: - with a K who wrote (18342)	1/7/2004 8:49:29 PM
From: - with a K	Respond to of 78499

BEL adds former Governor/Canadian ambassador to board. I wonder what this will do for business in the US. From their annual report: - estimates US soils market of US$2.8 bil (of EPS estimate of US$7bil in emergency clean ups) - Canadian total are considered to be approx. 10% of US - Several Fortune 500 companies are planning large clean up projects and we intend to actively market our services... Bennett Environmental Appoints New Director Wednesday January 7, 4:19 pm ET OAKVILLE, Ontario--(BUSINESS WIRE)--Jan. 7, 2004--Bennett Environmental Inc., a North American leader in the high temperature treatment of contaminated soils is pleased to announce the addition of former Michigan Governor James J. Blanchard to the Board of Directors. This appointment was effective December 19, 2003. Governor Blanchard is currently a Partner with Piper Rudnick LLP, a law firm of approximately 1,000 lawyers with offices throughout the United States. Governor Blanchard joined the firm upon the conclusion of his duties as United States Ambassador to Canada (1993-1996). During his tenure as Ambassador, Governor Blanchard managed a broad range of trade, natural resources, environmental and national security issues between the United States and Canada and provided support crucial to the passage of the NAFTA agreement. He also spearheaded the new Open Skies Agreement. Prior to his role as Ambassador, Mr. Blanchard served two terms as Governor of Michigan (1983-1991) and four terms as a member of the United States Congress (1975-1983). "Governor Blanchard brings a wealth of corporate management and international experience to our Board which will be key assets as our Company goes through dramatic growth in the North American environmental remediation industry over the next several years," stated John Bennett, Chairman and CEO of Bennett Environmental Inc. "His innovative approaches to such issues as environmental protection and economic development, for which he won national acclaim, are particularly important to Bennett Environmental during this critical period of our history." Governor Blanchard added, "I am pleased to join the Board of a company that is providing such a valuable service in the clean-up of environmentally impacted areas throughout North America. Bennett has a proven track record for the safe handling and disposal of contaminated material. This activity is critical to our health and to our environmental quality." About Bennett Environmental Inc. Bennett Environmental Inc. is a North American leader in high temperature treatment services for the remediation of contaminated soil and has provided thermal solutions to contamination problems throughout Canada and the US. Bennett Environmental's proprietary technology provides for the safe, economical and permanent solution to contaminated soil. Independent testing has consistently proven that the technology operates well within the most stringent criteria in North America. Bennett Environmental is listed on the Toronto Stock Exchange (Trading Symbol "BEV") and the American Stock Exchange (Trading Symbol "BEL").

To: - with a K who wrote (18342)	1/8/2004 12:46:35 PM
From: hoyasaxa	Read Replies (2) \| Respond to of 78499

RE Cendant: Please explain your assertion that CD is "98% undervalued". This is quite an interesting company. Thank you.

To: - with a K who wrote (18342)	2/19/2004 11:40:45 AM
From: - with a K	Read Replies (2) \| Respond to of 78499

I've had a good run with CD (first position 10/01 at $12.70) and have other ideas so sold my entire position at $22.52) While the fundamentals look good, the chart and other things concern me. I am very uncomfortable with the pay package of CD's CEO and the amount of vitriol on the Yahoo board from supposed CD employees about their executives and their pay packages. Edit: I also can't shake the memory of a conversation I had years ago with a fund manager from Liberty Acorn who said of my CD pick, "Yeah, well they still have Silverman." Time to move on. This pushed me to sell today: WASHINGTON (Dow Jones)--Cendant Corp. (NYSE:CD - News) gave its top executive a bonus of $ 13.79 million in 2003, according to a proxy statement filed with the Securities and Exchange Commission. He still has about 33.62 million exercisable stock options outstanding, according to the filing. Cendant valued the outstanding options at $287.19 million.