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Non-Tech : Conseco Insurance (CNO)
CNO 42.85+3.9%3:27 PM EST

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To: John Thomas who wrote (588)1/21/1998 10:15:00 PM
From: M.A. Miller   of 4155
 
Jim R. at Conseco said two weeks ago they were part way into the buyback but implied they had a ways to go but couldn't be specific. I'm getting a report from Sands Brothers which is the top firm following Conseco. They project $60 per share in 12 months and a market cap of $20 billion by end of 1999. They are "tight" with the CNC top execs.

By the way, doesn't it tell you something that they're doing a large buyback just before earnings. It so true with CNC that they don't repurchase unless they now the earnings out in Feb will prove the stock undervalued.
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