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Strategies & Market Trends : Range Bound & Undervalued Quality Stocks

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To: Jeff Guy who wrote (1680)	4/3/2000 1:47:00 PM
From: BWAC	Read Replies (1) of 5499

Can anybody put an actual analyst name to this report? I need to add them to my 'Amy Butte' list of ones to remember.RESEARCH ALERT-PaineWebber cuts Conseco NEW YORK, April 3 (Reuters) - PaineWebber said Monday it cut its rating for insurer Conseco Inc. to neutral from attractive on news last Friday that the company's management plans to sell its consumer finance business. -- Lowers 12-month price target to $12 from $18. -- Cuts 2000 EPS estimate to $2.00 from $2.80 ``to reflect the dilutive impact of the sale of CNC's consumer finance operations.' -- Sees 2001 EPS at $2.10. -- Says ``We think uncertainty exists as to the value to be received from any sale of the consumer finance operation.' ______________________________________________________ $12 target? Then CNC may as well just close up shop. Book Value/StockHolders Equity is $17. Lowered earnings are $2. Forward PE at $12 would be 6. Book Value would increase to $18 with earnings of $2. What are these guru's using to calculate with these days? Oh did I mention 2% dividend?

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