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Non-Tech : Cendant Corporation (NYSE:CD) -- Ignore unavailable to you. Want to Upgrade?


To: Gene Weisskopf who wrote (995)7/14/1998 3:49:00 PM
From: VALUESPEC  Read Replies (1) | Respond to of 3627
 
I just almost doubled my CD stock position @ $ 15.44. I am now heavy into CD, again.

What will CD drop down to from here? What is the chance of it staying low for long?

Who knows? But I thought I'd take the chance. Maybe I'll get lucky one of these days.

CD: ~ $ 15.50a

VALUESPEC



To: Gene Weisskopf who wrote (995)7/14/1998 4:07:00 PM
From: VALUESPEC  Read Replies (2) | Respond to of 3627
 
If CD has another bad fall like it just had, it will ruin my year. I am now somewhat close to the edge. At close to a 15 PE the next 12 months and large cap with its audit to be released just around the corner, this drop could end up being the last great buying opportunity.

. . . then again, what if the craziness is not over? What if it keeps falling like it has been?

. . . that is the risk one takes when catching a falling knife.

Below $ 14 would definitely disappoint me, though I'm not sure if I would sell any even at that price.

CD: ~ $ 15.50a

VALUESPEC "Maybe I'll make my money back now "



To: Gene Weisskopf who wrote (995)7/14/1998 4:43:00 PM
From: mauser96  Read Replies (2) | Respond to of 3627
 
Even if what he says is true, the market will ignore it, because his credibility is nil. There is a "show me before I believe" attitude toward Cendant at this stage. It will take actual visible earnings to make the stock move up very much.



To: Gene Weisskopf who wrote (995)7/14/1998 5:35:00 PM
From: Bob Logan  Respond to of 3627
 
NEW YORK, July 14 (Reuters) - Cendant chief executive Henry Silverman said he expects the company to sustain 20 percent per-share earning
growth as the marketing and franchising giant continues to investigate accounting irregularities that have sapped Cendant's earnings and investor confidence.

Yeah -- like people will believe him now, right?

Ha!