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

To: Benkea who wrote (1220)	7/25/1998 9:55:00 AM
From: jjs_ynot	Read Replies (1) \| Respond to of 3627

Additionally CD is sitting on a tangible discounted book value of $4. per share. These assets are counted at acquisition cost such as the minority position in XCIT. At today's market value; they could be easily worth twice that much. Plus no value is assigned to the brands such as Century 21, Coldwell-Banker, Avis, etc. and they are worth plenty. OXHP shows a book value of $3.79 but this is for assets who's only value is in health care delivery. They have no alternative "street" value. My thoughts FWIW.

To: Benkea who wrote (1220)	7/25/1998 12:16:00 PM
From: Axxel	Respond to of 3627

See ya at single digits

To: Benkea who wrote (1220)	7/25/1998 1:39:00 PM
From: ayn rand	Read Replies (1) \| Respond to of 3627

I bought a while back at $15.50 and now CD has dropped below much to my surprise! Your statement pretty much sums up the situation: "The total impact of the restatement on Cendant's net income after one-time charges and its shareholders' equity will be relatively immaterial after reversal of these merger charges. 1997 net income after one-time charges could range between from no impact to a reduction of six cents. Cendant's shareholder's equity at approximately $4.5 billion should be relatively unaffected by the 1997 restatement." I'm not a day trader. I'll hang on to CD and will go as low as I have to if that turns out to be the near future for CD. But, I am planning to take my chances for CD being worth a good amount more 2-3 years from now. Good luck to all the day traders and everyone else.