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


To: Spekulatius who wrote (23373)2/18/2006 12:13:40 AM
From: gcrispin  Respond to of 78519
 
The FCF is intriguing. Several years ago I owned CD, but sold because I grew tired of the pay structure for management. Too many options and large bonuses for Henry Silverman, who, today, received a 12 million dollar bonus for 05.

The company is a bit different from the time when I owned shares. The real estate division with its franchises was considered to be a good bet in a housing downturn as the independents would franchise for more marketing clout. Now, in my opinion, their NRT division gives them exposure to the potential downturn in RE. It looks like Silverman wants to head up the travel businesses. In my mind, that shows the most growth potential.