8/7/00 - REVIEW and MORNING REPORT of CNC
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EDITORIAL
August 7, 2000
Message 14172703
A Wise Short Covers:
CNC in WORTH Magazine via Maverick Capital's Hedge Fund Manager - Lee Ainslie. Ainslie is a noted short seller who has averaged 24.8% after fees with $5B under management. He made millions shorting CTXS this year.
"On the short side, Maverick is looking for the exact opposite set of conditions - companies with poor fundamental business, weak competitive positions, and, ideally mediocre management. That had certainly been the case with insurer Conseco, one of Mavericks better performing shorts this year. But when former GE Capital cheif Gary Wendt made it official in late June that he was taking the top job at Conseco, replacing ousted chairman and CEO Stephen Hilbert, Maverick started to cover its position, 'We don't want to be short a manager like Gary Wendt. who has proven, over time that he can add value for shareholders,' says financial service director Duke Buchan." (of Maverick Capital)
I typed this from the issue received via subscription Saturday. Online and newstand print edition won't hit for another week or so. Maverick Capital is the cover story.
One of the highly capitalized shorts on CNC covered his position. I remember Softechie or someone talking about this.
Jack Hartmann
A CNC competitor!! ,Mr.Nauert, CEO of Ceres says that
starnews.com
If sold to the right buyers, Nauert said, Conseco's insurance operations could bring as much as $7 billion. That's the equivalent of $21 a share -- nearly three times Conseco's current stock price.
And this is from a competitor!!!!
Legal News:
Another short bites the dust ( in judge Wapner’s court ), vbg,
Friday August 4, 12:36 pm Eastern Time
H-Quotient, Inc., Files Suit Against Alleged Stock Manipulators
Friday August 4, 12:36 pm Eastern Time
RESTON, Va., Aug. 4 /PRNewswire/ -- H-Quotient, Inc., (OTC Bulletin Board: HQNT - news) announced the filing of a lawsuit in United States District Court for the Eastern District of Virginia ``against persons it believes are manipulating its stock through a scheme to purchase and/or sell and/or short sell the stock and profit thereby using various fradulent means, including defaming and disparaging the company on the Internet in order to depress the company's stock price. This fraudulent scheme has been and is being perpetrated through message postings on an Internet message board that discusses publicly traded securities. This type of illegal activity is characterized by the SEC as a form of Internet fraud utilizing online bulletin boards to disseminate bogus messages through 'threads' made up of numerous messages concocted by users hiding behind aliases.''
The company has commenced the discovery process to identify individuals using aliases for the purposes described above.
This announcement may contain, in addition to historical information, certain forward-looking statements that involve risks and uncertainties. Such statements reflect management's current views and are based on certain assumptions. Actual results could differ materially from the assumptions currently anticipated.
For more information visit the H-Quotient web site at www.hquotient.com.
And from YHOO, a new subpoena???
messages.yahoo.com
Cheers,
TA
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MAJOR RECENT ARTICLES ON CNC
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Recent news:
Aug. 4, 2000: Conseco prices senior classes of $1.2 bln ABS deal favorably
ragingbull.altavista.com
Aug. 4, 2000:Conseco Capital Management Names New Co-Portfolio Managers for Conseco High Yield Fund
ragingbull.altavista.com
Aug. 4, 2000: Dow Jones Newswires
Conseco Promotes From Within After High-Yield Exodus
ragingbull.altavista.com
7/27/00 BUSINESS WIRE:
CONSECO Announces Restructuring Program ,Parts I, II, III & IV , from RB
ragingbull.altavista.com
DOW JONES NEWSWIRE 7/27/00:COMPLETE EPS REPORT
1: dowjones.work.com
2: dowjones.work.com
3: dowjones.work.com
7/24/00 BLOOMBERG: WENDT GETS RID OF LEOPARD CHAIR AND
.......PROTECTS SHAREHOLDER EQUITY:
quote.bloomberg.com
. 7/19/2000 WENDT HIRES Ex-GE CRISIS TEAM
biz.yahoo.com
7/12/2000 20 MILLION PAID TO HIRE WENDT
Wendt gets 45 mill less than if he had stayed at the Golf Course and got paid
by GE to non - compete and do nothing. GE gets 10 mill CNC shares,
will make another killing.
messages.yahoo.com
6/30/2000 WENDT BACK FROM HONEYMOON
messages.yahoo.com
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VARIOUS OTHER ISSUES IN CNC:
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ISSUE OF PRODUCING A GIANT SHORT SQUEEZE:
7/27/00 IRWIN JACOBS WANTS TO PRODUCE A SHORT SQUEEZE.
……….He puts this Ad in WallStJ. then other papers
messages.yahoo.com
streetmonkey.com
. 7/29/00 Star Tribune:CNC earnings report and Irwin Jacobs Short Squeeze bid
ragingbull.altavista.com
7/30/00 Indianapolis Star :Conseco investor's ad aims to help stock
. starnews.com
7/31/00 J.J. CRAMER FROM TheStreetCom editorializes: “ A great Idea !!!”
ragingbull.altavista.com
8-1-00 Star Tribune: Neal St. Anthony/On Business:
Jacobs roars, short sellers yawn
startribune.com
Meanwhile, CURRENT SHORT INTEREST as of 7/22/2000 is 64,000,000 shares
messages.yahoo.com
messages.yahoo.com
Shorting Rules
ragingbull.altavista.com
BOOKS ON SHORTING
(If any one wants to ahead and short some more and make
Mr.Wendt’s Day ).
capatcolumbia.com
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7/28/00 :ISSUE of FABER CNBC REPORT & CONTROVERSY
( ie that Wendt is going to dilute shareholder equity ).
ragingbull.altavista.com
7/29/00 reply by ta to FABER Report: CNBC FABER is either LYING or MISINFORMED
messages.yahoo.com
7/24/00 Cnet : ''We're not going to be diluting shareholder value at ridiculously low prices,'' Wndt said.
cnetinvestor.com
messages.yahoo.com
7/31/00 FABER CORRECTS HIMSELF: “ CNC WILL N O T ISSUE ANY N E W EQUITY “.
boards.cnbc.com
Thank you Mr. FABER.
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ISSUE OF BANKRUPTCY 7/22/2000
Part I
messages.yahoo.com.
Part II
messages.yahoo.com.
messages.yahoo.com.
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. ISSUE OF MR.T.LEE'S PREFERRED STOCK
messages.yahoo.com
messages.yahoo.com
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BROKERS OPINION
7/30/00 STANDARD AND POOR UPGRADES CNC TO 4 STARS FROM 3 STARS
Message 14133330
Merrill Lynch
7/31/00 messages.yahoo.com
.7/26/00 LEHMAN MAINTAINS OUTPERORM II ON CNC
Message 14109720
LAWSUITS ON COMPANY BASHERS
TA’s EXCELLENT , I say, EXCELLENT, REVIEW OF INTERNET LAWSUITS
Message 14157877
Friday August 4, H-Quotient, Inc., Files Suit Against Alleged Stock Manipulators
Message 14173025
The most recent Lawsuit won by Biometrix
Message 14158321
And just before that New subpoenas on the way
biz.yahoo.com
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CNC CHART
STOCKCHARTS
stockcharts.com[L,A]DCCLYYMY[PB10!B20!B50!C20!F][VC60][IUH14,3!LI14,3!LC20!LK14]
SI
siliconinvestor.com
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NEGATIVE ARTICLES ON CNC
7/27/00 TheStreetCom: Herb's Hotline: Oversight by Conseco?
thestreet.com
7/10/00 TheStreetCom: Conseco Sets Rich Pay Package for New CEO, By Peter Eavis Message 14023449
7/11/00 Herb's Hotline: Will These Conseco Capers Never Cease?
By Herb Greenberg thestreet.com
&/14/00 Bloomberg :Conseco Outdoes Itself in Piling Gifts on Wendt:
by Graef Crystal
ragingbull.altavista.com
7/31/00 Warburg initiates coverage with hold;
messages.yahoo.com
7/31/00WSJ Colin Devine from Smith Barney is worried about CNC
messages.yahoo.com
messages.yahoo.com
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MAGAZINE ARTICLES ON GARY WENDT
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Aug. 7, 2000 :BUSINESS WEEK
ragingbull.altavista.com
My comments on Business Week Article: Music…Music…Music..
Message 14127197
1997 FORBES/GECAPITAL: " BLOWING BUBBLES "
forbes.com
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PREVIOUS REVIEW POSTS
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July 5, 2000: REVIEW OF GARY WELCH LIFE AND ARTICLES
Message 13993832
July 10, 2000: W S J : GE Capital’s Wendt: " A BRUTAL NEGOTIATOR "
Message 14023303
MISCELLANEOUS
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WHY I INVEST IN CONSECO:
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ragingbull.altavista.com
CONSECO INSURANCE RATIGS
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conseco.com
WENDT'S BUSINESS CARD
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Here's Wendt's business card when he goes to the Bank to ask for money:
I am responsible for 38% of GE's net income:
GE’s profit has come increasingly from Financial Services
That’s GECapital, the company I run, at GE:
businessweek.com
And here how I compare with the giants:
Revenues
quicken.com
Cash Flow
quicken.com
Net Income
quicken.com
GARY WENDT
Looks pretty good ,
Eeh? No?
vbg
TA |
