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

To: Wren who wrote (1596)	8/16/1998 4:01:00 PM
From: Benkea	Read Replies (2) \| Respond to of 3627

Wren: " If CD stops paying the dividend on CD.I, you could have a significant loss, because in that event, CD would probably be on the ropes, or down for the count." The dividends are accruable, so you will still get the dough + QUARTERLY compounding when it is eventually paid. Additionally, the prides rank on the same level as senior debt which means we get paid before the shareholders of common do. Ben

To: Wren who wrote (1596)	8/16/1998 6:28:00 PM
From: Roger B Finlen	Read Replies (1) \| Respond to of 3627

Wren, i concur on all points, with variations, all the if's will work, CD common will be 24/26 by Dec, this year, CD.I will approach 40. I strongly recommand you go to search engines and plug in "Henry Silverman" , there is an excellent bio. as to who he is, things he has done. Come back with your opinion.