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

To: Benkea who wrote (1597)8/16/1998 4:54:00 PM
From: Wren  Respond to of 3627
 
When companies get into financial difficulty and go into bankruptcy, even the debt holders usually don't get 100% of their money. The equity holders usually get little or nothing. Preferred is a little less risky than common.

In the unlikely event CD doesn't make it, I doubt the CD.I holders would get anything.

That is the reason I say we CD.I holders are betting on Henry. I think it is a good bet. I will keep my CD.I and might buy some more.



To: Benkea who wrote (1597)8/16/1998 4:59:00 PM
From: Benkea  Read Replies (1) | Respond to of 3627
 
Wren:

I am with you. If I thought the chances of bancruptcy were greater than 1%, I wouldn't touch it.


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