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


To: gerard mangiardi who wrote (1299)7/28/1998 4:50:00 PM
From: VALUESPEC  Read Replies (2) | Respond to of 3627
 
The potential bad news that I can see is the announcement of a SEC investigation, or that Forbes is not being booted out the door.

Investigations are always bad because it adds an air of uncertainty.

The potential good news I see is:

* The final audit comes out

* Earnings are good, maybe even better this quarter than expected

* Earnings are great in the 3 & 4 Q, especially year to year

* CD makes clear how it will do ABI purchase

* CD might announce a share buyback

* CD might announce it will pay cash for ABI

* CD might announce that it is selling certain assets

* CD might announce that Forbes is going

* CD cleans out any Forbes friends

The good news, as I see, outweighs the bad. I'm looking for a nice rise to $ 20+.

Closed: $ 17.13b $ 17.25a

VALUESPEC
valuespec.com