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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: hoyasaxa who wrote (18613)	2/2/2004 9:34:39 PM
From: Paul Senior	Respond to of 78717

Hoyasaxa, yes, I do have some stocks on that list. SUNW and MRK, for example. I don't follow ATAR; I have RADA and THQI though. I kept considering CD all along its upward move from about 11, but I never bought. Oops. I don't know NTGR. According to Yahoo, COMS is one of its competitors, and I'm holding a few shares of it. I like COMS relatively large cash position with no ltd. Also, fwiw, I still hold your pick here of LH. Paul Senior

To: hoyasaxa who wrote (18613)	2/4/2004 5:43:13 PM
From: - with a K	Read Replies (1) \| Respond to of 78717

Cendant beat estimates. Cendant earnings rise in Q4 (4:45 PM ET) CHICAGO (CBS.MW) -- Cendant earned $288 million, or 28 cents per share, in the fourth quarter, up from $247 million, or 24 cents, a year ago. The median estimate of analysts polled by Thomson First Call was for the company to earn 27 cents per share. Revenue for the New York-based travel and real estate services firm climbed to $4.4 billion from $3.9 billion. From PR: The Company reiterated its projection of EPS from Continuing Operations for full year 2004 of $1.55 - $1.62 and for first quarter 2004 of $0.27 - $0.28. The Company also continues to forecast 2004 Net Cash Provided by Operating Activities of approximately $5 billion and Free Cash Flow of more than $2 billion. These projections reflect continued strength in our residential real estate franchise and brokerage businesses, cost savings from the integration of Budget's car and truck rental operations, and modestly improving travel activity, balanced by substantially lower mortgage refinancing volumes. Cendant's Chairman, Chief Executive Officer and President, Henry R. Silverman, stated: "During the full year 2003, we grew the revenue of our reportable segments organically by 6%, produced record EPS, and exceeded our goals for Free Cash Flow generation, corporate debt reduction and stock repurchases. We generated $2.6 billion in Free Cash Flow and deployed that cash primarily to reduce corporate debt, net of cash on the balance sheet, by $1.55 billion and repurchase $644 million in common stock, net of proceeds from option exercises. At the same time, we enhanced transparency by consolidating our significant off-balance sheet affiliates, discontinued the reporting of adjusted earnings, began to expense equity compensation, and implemented a variety of other enhancements to corporate governance. Most importantly, we continued to invest in our businesses to facilitate sustainable organic growth and competitive advantages in the markets we serve. "In 2004, we intend to continue to execute on the strategy laid out in 2003, which should deliver 10% - 15% growth in EPS from Continuing Operations and in excess of $2 billion of Free Cash Flow. We plan to deploy our Free Cash Flow primarily to reduce corporate debt, repurchase common stock, invest in strategic tuck-in acquisitions and, beginning in first quarter 2004, to pay our first-ever cash dividend."