Conseco Insurance (CNO) 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.

Non-Tech : Conseco Insurance (CNO)

CNO 41.01

+3.6%

12:10 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: brad greene who wrote (1474)	7/2/2000 12:14:15 PM
From: Robert T. Quasius	Read Replies (1) of 4155

The shorts probably view the run-up after the Wendt announcement as a suckers rally. True, just appointing Wendt as CEO doesn't turn around CNC, but the man has obvious leadership skills and I expect him to act quickly to set things in motion. I think CNC's turnaround will take about 12 months to be substantially underway, about 2-3 years to be total. Eventually, I expect Wendt to turn CNC into another powerhouse, just like he did with GE Capitol. I am long, both shares and a synthetic long position I took just before the Wendt announcement. I'm looking for CNC to return to the mid-teens short term, and $30 by the end of next year.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next