Selling Puts: Have Cash Will Travel Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Selling Puts: Have Cash Will Travel

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: jjs_ynot who wrote (1194)	4/16/2000 1:42:00 PM
From: Robert T. Quasius	Read Replies (1) of 1235

Writing CNC Leap Puts look like an excellent investment at the moment. The stock is way oversold, and the break-even point for Jan 02 $7-1/2 Puts is around $4-1/2, which I doubt we'll ever see. CNC has some issues with Green Tree at the moment, but the free cash flow is very strong. I think management overpaid for the Green Tree investment, but I don't see GT pulling the company into BK or penny stock status. The decision to buy GT was always controversial with the street, and management has decided to sell GT. I think the decision to sell is more related to the sentiment on the street, and the drag on the overall stock price. The insurance end of CNC is doing fine, and management says it is getting lots of inquiries for GT, which it has announced it will sell.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next