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

To: VALUESPEC who wrote (2625)	11/28/1998 5:14:00 PM
From: Mr.Manners	Read Replies (1) \| Respond to of 3627

To: wiley murray (68 ) From: Michael Berkel Saturday, Nov 28 1998 4:38PM ET Reply # of 89 Surprise!!!..Cendant (CD) mentioned in Barron's today as Net stock. This week's issue (11/30) of Barron's on page 36, there is a discussion on an upcoming internet IPO called UBid. While the discussion centers around this new issue, those companies mentioned as competitors for UBid include Cendant, AOL, eBay and ONSale, all "recent internet high flyers"..except CD. The interesting fact here is that in doing so, the article shows that CD is now being considered a Net stock. This kind of positive publicity will certainly contribute to the Street's opinion that CD is no longer the sucker that it used to be, but on the contrary deserves to be valuated as a Red Hot Net Stock.

To: VALUESPEC who wrote (2625)	11/30/1998 10:01:00 AM
From: Frank	Read Replies (1) \| Respond to of 3627

Valuespec, I'm becoming increasingly cynical. It seems there are very few people that have a clue about what is going on, and I fully agree with your comments that the "market is not effecient." I was talking to my father, and he reminded me that I told him, "Not to buy CD at $6," and then I coorespondingly reminded him that I suggested he purchase CD after the SEC filings, when CD was between $7 and $8. This was a fundamentalists dream purchase. Now, I was fully tapped out when CD was at its lows, because I had been buying on the way down. The current targets are probably correct based on valuations to about $24, but given the exhuberence it might be better to hold out a little longer. Besides, who wants to take the capital gains? I've pretty much turned a nice profit on paper on all of my postions for the year and don't see any significant news to cause any precipitous drops, so, I will just drift off and forget about things in favor of the holidays. I have been pretty consistent in racking up gains over the last couple of years and hold to the tenants of Phil Fisher, Graham, and Buffett. The only place I've disagreed with your comments has been on the frequency of your trades, which, I still feel is a waste of energy, and would better be served with more research into the companies fundamentals. But, this is just a minor disagreement. I've found your comments to be the most interesting and insightful on this thread, and it has provoked a lot of thought in some areas. Anyway, I wish you all the best and good luck. It has been nice to watch the rise and recovery, that was anticipated and expected. I guess I have a right to feel smug, but I don't, I still have a lot to learn. Have a happy holiday!

To: VALUESPEC who wrote (2625)	11/30/1998 1:04:00 PM
From: Bob Rudd	Read Replies (2) \| Respond to of 3627

Valuspec: Your post indicated you don't think CD sells stuff on the internet. Please go here netmarket.com and shop till you drop...note that while members get lower prices, non-members are offered better selection and prices than most HOT internut vendors. Unfortunately Netmarket isn't a big profit contributor, but it isn't nearly the cashburner that many of the hot offerings are. Netmarket also has a catbird seat on AOL. If people would take a close look at what CD offers in this space, compared to hot offerings the stock would get more of a kick than it has. A spinoff IPO wouuld accomplish this bigtime. Maybe at the Dec 9th analysts meeting HS might unveil something like this. Sure fits strategy of building shareholder value by spinning off non-core assets.