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

To: VALUESPEC who wrote (1197)7/23/1998 9:00:00 PM
From: Brian K Crawford  Read Replies (1) | Respond to of 3627
 
You know, I think the board can terminate Forbes, argue later over whether they owe the $50 mill severence, and produce a huge return for the stockholders in doing so.

Stockholder's Equity is $4.8 billion, so it would hardly make a dent there.

And shares outstanding are 845 million. If the stock goes up a buck the return on the $50 million paid is 17 times.

I'll take that deal.

Brian


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