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Travel Services Firm Sees Profit Rebound.(B)(NYSE STOCKS IN THE NEWS)
Byline: Craig Shaw
Cendant is working on a 12-week consolidation. On a weekly chart, the stock's pattern could also be seen as the handle to a deep base stretching back to March 2002. The stock closed Wednesday 3% off its 52-week high.
The hotel, real estate and rental car franchiser saw profit slip 2% last fiscal year. But earnings are expected to rebound 33% this year and 14% in 2004. Its three-year annual revenue growth rate is a hardy 62%.
Cendant ranks No. 2 in its 30-stock Leisure-Services group with an IBD Stock Checkup Overall Rating of 93. But at No. 86, the stock's group places only in the middle ...
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