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

To: Roy F who wrote (2801)	12/22/1998 11:06:00 AM
From: Maven	Respond to of 3627

To: ALL Excerpt from report by BHF Bank, Munich, 21 Dec. "We suspect...that longer-term investors with a bias towards demonstrable quality have not yet entered the market in force. We think it likely that this second tranche of investors will become more active after the evidence has become unarguably clear, rather than in anticipation of it. We thus see considerably more room for further gains in CD shares, and we are holding to our interim target of 23 and an ultimate target, assuming a market multiple, of 29. Although the stock might pause for a well-deserved rest after a 63% spurt in just seven weeks, we still consider it attractive. We continue to recommend purchase." And with that happy prospect, A MERRY CHRISTMAS AND BEST WISHES FOR A NEW YEAR OF ABUNDANCE TO ALL ON THIS THREAD. R.S. Sheldon