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

To: Razz who wrote (1038)	7/15/1998 1:16:00 AM
From: tdfx	Respond to of 3627

Anyone buying this stock right now is a fool What a scam!!!! Ever heard of Bre-X. This is he american version of it. This stock is going down before it even goes up. Don't buy at 15$ buy when it's 7$. They intentionally made up ficticious revenues of 60% NOT 6% 60% 60% What a load of crap. Yeah and nobody knew about it RIGHT

To: Razz who wrote (1038)	7/16/1998 2:02:00 PM
From: Dinesh	Read Replies (2) \| Respond to of 3627

Ron: Who do you think is selling those 20 mil shares? Speculators or long-term investors? Also, there are many other companies that are global, and suck! E.g., Sunbeam. The following also matter: - For value investing, there got to be "value" first. Cendant is a marketing company. Now it will be run by accountants. Talent will exit the doors. BTW, the book is < $4 - When earnings are reduced, so is the growth rate. And, so will be the multiple. - You got to pay premium for safety. Its a personal investment style. Many folks actually made money with <IDID> even though the company, er, suffered. - There are no "minor" accounting problems. A company this size has enough suspense accounts for problems of a few million kind. Nor does a typical board take sides over "minor" problems that a chief overlooked. This is a killer. Don't get me wrong. There is nothing wrong with speculation - no one has seen the future. Just don't tout it as "value investment". ALSO, I generally do not like the perrenial "averaging-down" kinds of investments. Regards Dinesh