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

To: Bob Rudd who wrote (2719)	12/1/1998 11:53:00 AM
From: Gary Teichrow	Read Replies (1) \| Respond to of 3627

$1.10 is probably a bit of a low-ball estimate...

To: Bob Rudd who wrote (2719)	12/1/1998 2:02:00 PM
From: Diogeron	Read Replies (1) \| Respond to of 3627

I was paraphrasing John Dessauer, publisher of Investors World, who said that "when I look at CD's balance sheet and current profit and loss statement, and run conservative business valuation caculations, I come up with a fair stock price of $40." He goes on to say that "it might take more than a year to get a $40 stock price,but it could come even sooner." Looks like he is counting on the stock buy back to help as well. I know people have mixed feelings about Dessauer, but I've made quite a bit of money following his advice. Maybe I've just been lucky on which stocks of his I've chosen to buy (with SEW and CPPKY being notable exceptions). Finally, a few months back (when the stock was at nine or so) I completed an executive development workshop with one well-known securities firm on the East Coast, and had a conversation with their director of equity analysts about CD. He told me at the time that despite the risks, he thought CD was going to survive in the immediate future and prosper in the long run. I put those two pieces of advice together and bought at around 10. Since I'm in for the long haul, I probably can afford to be more optimistic than some others who are looking at the stock from a trading perspective. Having said that, I don't pretend to be that insightful and wouldn't take my own advice if I read it here.