Payne's second selection is travel firm Cendant. It has four or five different household names in terms of travel. When Enron popped up, this stock went from 21 to 15 almost for no reason except they were guilty of some accounting issues in the past, ... I think the company is starting to recoup its reputation. I think when the stock gets above 20 it's going to attract a lot of buyers.
More Quotes from Charles Payne:
The air of enthusiasm is starting to seep out of the markets and there's a realization that it's going to take a long time to go from recession to expansion.Charles Payne
I don't think anyone expects any fireworks from the Fed tomorrow but it's normal to have a pause before a Fed meeting.
Charles Payne
The one thing that's maybe notable today is that stocks have really held up. There have been a few times when they've started to drift and then they've come back up, so there's a little bit of buying on the weakness. However, the volume is totally anemic.
Charles Payne
(Rite Aid has) new management. They've made some mistakes in the past both in terms of communication- or accounting-type problems that derailed the stock. Also, fundamentally they over-expanded, ... But I think those are primarily behind them.
Charles Payne
I think were heading into next week with a head of steam we haven't seen for some time.
Charles Payne
At some point we're going to get a pretty good rally and at some point, that rally will fizzle. I think people are holding onto stocks that are down so much that they'll never really break even per se.
Charles Payne
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Based on Topics: Past Quotes, Reputation Quotes, Travel QuotesBased on Keywords: cendant, paynes, recoup
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