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

To: BOB JOHNSON who wrote (1469)	8/8/1998 1:39:00 AM
From: Benkea	Respond to of 3627

Prides messages.yahoo.com@m2.yahoo.com

To: BOB JOHNSON who wrote (1469)	8/9/1998 9:46:00 AM
From: Roger B Finlen	Read Replies (3) \| Respond to of 3627

Some thoughts on CD Had a friend of mine do a value analysis on this stock, he has no opinion of CD, just a "due diligents survey - his business" and present value, with all its warts = 26. I wanted a position in CD and called company, got prospectus on PRIDEs, 3 instruments out there, CD.I (income) H/L=54/29, CD.G (growth) H/L 46/24 and a TOPS, CD.T,no quote plus the common, H/L 41/14. The CD.I's caught my attention, at 30, earn 12.5%, paid quaterly while waiting CD to recoup. Due 16 Feb 2001 and hopefully gain back the 20's in H/L spread. I did a search on Henry Silverman, great article on him during CUC/HFS talks, CD WAS 89% owned by institutions, since 1990 he gave return on 2000% on initial stock. He , personally lost 1 Billion on this screw-up and is determined to get it back for self and shareholders, with a past 2000% return, I thing he can and will do a 100% return from here (in 2 years). Company has already lost capital worth of CUC and there is some amount of worth there. CD will at some time in the future have big damages from both accountants and Morgen S , banking Advisors, both who screwed up , BIG time. While all the accounting news is out , Stock Market await formal info coming out 13 Aug., I could be wrong on this but I think this is a case of, "sell on rumor and buy on news", explains present weakness. I await Silverman's comments on both earnings and re-organization. Company has 1.3 B in bank and 1 B earnings this year. S&P has CD presently at a 4 star, debt is rated A-, with pobbilbe downgrades coming after earnings, A- is a darn good rating. CD shares have sold over cap limits of 850 million shares since fall, shares are in investors hands at present level, with some %age of fast money holders, expect selling and every 10% increase in share price. Much more , but enough for now. Best to all,