Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Benkea who wrote (1591)	8/16/1998 12:44:00 PM
From: Roger B Finlen	Read Replies (1) \| Respond to of 3627

My speaking of a $10 preimum on the price of CD.I versus the common is just a percieved value of an income/convertable instrument versus a conv. only, not at all based on total Div's due. I personally believe the CD.I's are extremely undervalued if one was to consider the CD.I versus a 5 year Gov't bond, 2+ times of 5.4% is a really unrealized value for bond funds, bond/conv funds, any income fund, I'm amazed that there are ANY CD.I's available to the public, I would expect all 22 Million shares to be in the hands of funds. Thank god they are not, when there value is realized, CD.I will trade at only a price the funds will accept, and that price will be only a price near Par, or $50.