The Motley Fool is reporting about what Cendant’s recently announced corporate breakup.

Instead of remaining as a multi-billion dollar conglomerate, the Cendant name will be retired next summer in favor of four more streamlined companies. Each will be better poised for their industry.

While Wall Street reacts to Cendant’s disappoining earnings, the contrarian in me says that the next 8 months - or until the restructuring occurs next year - might create a great opportunity to buy Cendant’s stock.

Peter Lynch says that spin-offs are a great investor opportunity. He says that the parent companies usually give the spin-off a good balance sheet, plenty of assets, and put it in a good position.

Cendant’s split sounds like it will be a perfect chance for this. The four companies will be focused on their niche - Real Estate Services, Travel Network, Hospitality, or Vehicle Rental.

I haven’t reviewed everything myself, but The Motley Fool is saying the stock trades at 13.5 times earnings. Cendant owns some great brands - like Avis, Budget, Orbitz, Ramada, Days Inn, and others. I am a member of their RCI timeshare exchange service, and I know millions of others are as well.

The Fool is reporting the stock just set a new 52-week low. I’m not ready to jump just yet - but I will keep this one in my sights.