Anthony @ Equity Investigations, Dear Anthony, Message Board

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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony,

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To: Mama Bear who wrote (54559)	4/14/2000 12:22:00 PM
From: StockDung	Read Replies (2) of 122087

Companies Now More Willing to Lash Out at Analysts, WSJ Says New York, April 14 (Bloomberg) -- Companies have become more aggressive in publicly belittling analysts who write negative research reports, the Wall Street Journal reported in its ``Heard on the Street' column. Conseco Inc. Chairman Stephen Hilbert confronted Salomon Smith Barney's Colin Devine at a lunch and complained of factual errors to Devine's superiors after Devine lowered his rating on Conseco to ``neutral' from ``buy' last year, though Conseco's shares have fallen 77 percent since the cut. Such pressure on analysts and their employers' reliance on investment-banking income may help explain why only 0.9 percent of ratings tracked by First Call/Thomson Financial are ``sell' or ``strong sell,' the paper said. On Monday, Conseco said it hopes to sell its Green Tree consumer-finance unit by early in the third quarter. (WSJ Interactive Edition 4/14) Apr/14/2000 6:19 For more stories from Bloomberg News, click here. (C) Copyright 2000 Bloomberg L.P.

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