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

To: ayn rand who wrote (1045)	7/15/1998 8:26:00 AM
From: VALUESPEC	Read Replies (2) \| Respond to of 3627

The preliminary audit comes out in two weeks. A few weeks after that, the final audit should come in. After the audit is official, CD could find some stability and go back to $20+ like it did last time. In the meantime, we will probably have to sit through a number of downgrades and a potential trouble regarding the ABI news. In the midst of the trouble, Merril is being said to be giving CD's value, without CUC, as $ 13 per share. And what would they value DELL at? $ 105 as it is now? Probably not. They might give it a value which is much different than the market. The supply of stocks is limited. The funds are constantly looking for places to put their money. I think they will be back, especially after emotions slow down. Especially when CD stocks starts to find a base. Especially when/if CD stock begins to climb. Especially when CD has its preliminary audit report (two weeks). Especially when/if CD has the final audit out next month. CD could announce that they will pay cash for ABI and, therefore, eliminate potential dilution. CD could announce the sale of some CUC units (which might be viewed as good). CD could announce Forbes firing, which I personally would like to see. CD's upcoming quarters should be higher than the current quarter, especially if they are to earn $ 1 bil this year as the company just said. CD's upcoming 3 and 4Q should have earnings ADDED to them because of write-offs taken in previous quartesrs because of the audit, which will now add to earnings later. This will also make comparable quarters look better. I don't know what the stock will do today. If liquidations are still going on, which they may, today could be another crazy day, but I expect some firming by tomorrow, if not today. Of course, who knows? Anything can happen. Often, for me, buying stocks in times like this pays off very well for me, but maybe I'll be wrong. I think $ 20+ is still very achievable before the end of the year. I'm not even looking for $ 30 anymore. However, with the new low price, and the fact that I just loaded up around $ 15.38, $ 20 will feel quite well. I would consider it strange if CD dips below $ 13.00 b. I don't really expect it to go under $ 14.00b. I'm hoping for $ 16+ today, but just not losing ground would be nice :o) I don't expect to follow CD real closely today. Today may be crazy. I am most interested in how the stock ends up today, and from that number I will may further evaluations. CD: ~ $ 15.56a VALUESPEC valuespec.com

To: ayn rand who wrote (1045)	7/15/1998 10:13:00 AM
From: elk	Read Replies (1) \| Respond to of 3627

Ron, I disagree. Fundamentals? 1 Billion dollars next year? Great, but does anyone know how much the legal bills will be? How much will it cost CD to settle all the various suits, both already started, and those yet to come. Imagine, Harry Silverman is calling it fraud and intending to decieve, Imagine what the lawyers will call it. This is going to cost big dollars, and you will see a big time hit to the bottom line of this company. It will be a drag on the rev's for a good long time, unless Harry bites the bullet now, and just tries to make it go away fast, in which case, it will be a larger dollar amount, but allows the company to move on. Not only is CD suspectible for the CUC end , but also the HFS's Due Dilligence is an issue. It will pop up and down, but to expect sustained movement any time soon, is gambling, IMO. This could be a great company a year from now, but thats assuming that they restore some credibility.