Conseco Insurance (CNO) Message Board

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Non-Tech : Conseco Insurance (CNO)

CNO 43.91

+1.4%

Jan 8 3:59 PM EST

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To: Kevin Podsiadlik who wrote (2158)	8/2/2000 6:37:33 PM
From: donjuan_demarco	Read Replies (1) of 4155

Kevin, Tunica's new strategy seems like something out of a Monty Python skit. CNC has plunged from 58 to 8, has taken huge charges due to false earnings, has been sued, has had its CEO resign in disgrace after plundering the company, has given its new CEO a package worth $100m, has had its credit rating lowered and then lowered again, has its debt selling at sub-junk prices, has had analysts shaking their heads and lowering earnings estimates by one dollar every two months, has had an analyst give it a 12 month projected price of five dollars, has had a clearly desparate 5% shareholder spend $400,000 to take out totally insane ads advocating the fabled "short squeeze" ... And they say that we are defaming the company. My question is: How could we POSSIBLY defame this ABORTION of a stock? To call it ugly is an insult to the other ugly stocks! To call it a loser is an insult to losers! To call it garbage is an insult to landfills!

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