REVIEW OF RECENT ARTICLES AND POSTS ON CONSECO ( 8 – 1 - 00 )
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EDITORIAL
Of significance Monday 7-31-00 was
News of the Upgrade of CNC to 4 stars from 3 by S & P.
Message 14133330
David Faber , CNBC retracted last weeks statement that “ CNC was going to issue
New “ and thus dilute shareholder equity .
boards.cnbc.com
messages.yahoo.com
J.J.Cramer Editor of TheStreetCom parted ways with his nihilistic CNC analysts
( eg “ Herb “ ) and opined that Irwin Jacobs’ idea to cause a CNC Giant Short squeeze
was great.
ragingbull.altavista.com
dunnonothin in YHOO post that most shorts ( 40 mill out of 64 mill ) shorted
in the single digits which is why they are all VERY ANSY!!
messages.yahoo.com
Merrill MAINTAINED their NEUTRAL rating on CNC
( ie, no downgrade. Ths is the SAME rating as before )
But lowered estimates for the NEXT 6 months ( FY 2000 ) to $0.50 from $1.45
and 2001 to $1.
ML has duty to pint out if a stock is risky.
Well…we all know that don’t we???
Nothing ventured nothing won…
messages.yahoo.com
Dow Jones Newswires wrote: “ Lots of action this week because “:
Conseco Plans Asset Bond Sales In face Of Uncertainty
By DAVID FELDHEIM
NEW YORK -- The jury may still be out on the long-term viability of Conseco Inc. (CNC), but the bond market will have to make some quick decisions this week because investors probably will be asked to purchase more than $1.6 billion in securitized debt of the beleaguered company's Conseco Finance unit.
messages.yahoo.com
Shorts are pulling out all stops in desperation:
They are now calling in the SEC to get “Irv” Jacobs “The CNC short Eliminator “
messages.yahoo.com
Of course we all know that all the IRV did is issue a public WARNING to
CNC longs alerting them to the fact that
their CNC shares where being put to ill use, against THEIR interests “.
He did not encourage ANY transaction ( buy or sell ) in the spirit
Of the SEC law. All he said is
“put your name on your shares so they can’t be shorted down to oblivion”
A great civil service by a great American
Finally The Most Significant post on 7/31/00 was this from oldparadigm_2000
At YHOO who said
ever since conference call...There is less and less talk about bankruptcy (after Wendt said it aint happenin) and most of the negative analysts and posts are talking about reduced earnings next few qtrs or the possibility of an additional charge. It pleases me that the tone of the discussion has changed from "absolutely going bankrupt" to "Well the earnings are going to be less" Even JJC (longtime cnc bear) has changed his opinion due to recent events. Everyone should read the article (post 62453) It is surprisingly candid about his reasons for covering.
7 – 31 – 00 CNC High 8 5/16, low 7 7/8.
Vol coming down 3.42 mill.
Not much change.
TA
PS: I include a special section today:
"Articles critical of CNC just to make donjuan, Kevin and mammabear
my dear shorty friends happy!!!
Isn't that great??
<vbg>
Eddie Murphy
$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
MAJOR RECENT ARTICLES ON CNC
7/27/00 BUSINESS WIRE:
CONSECO Announces Restructuring Program ,Parts I, II, III & IV , from RB
ragingbull.altavista.com
7/24/00 BLOOMBERG: WENDT GETS RID OF LEOPARD CHAIR AND
.......PROTECTS SHAREHOLDER EQUITY:
quote.bloomberg.com
. 7/19/2000 WENDT HIRES Ex-GE CRISIS TEAM
biz.yahoo.com
7/12/2000 20 MILLION PAID TO HIRE WENDT
Wendt gets 45 mill less than if he had stayed at the Golf Course and got paid
by GE to non - compete and do nothing. GE gets 10 mill CNC shares,
will make another killing.
messages.yahoo.com
6/30/2000 WENDT BACK FROM HONEYMOON
messages.yahoo.com
VARIOUS OTHER ISSUES IN CNC:
ISSUE OF PRODUCING A GIANT SHORT SQUEEZE:
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7/27/00 IRWIN JACOBS WANTS TO PRODUCE A SHORT SQUEEZE.
……….He puts this Ad in WallStJ. then other papers
messages.yahoo.com
streetmonkey.com
. 7/29/00 Star Tribune:CNC earnings report and Irwin Jacobs Short Squeeze bid
ragingbull.altavista.com
7/30/00 Indianapolis Star :Conseco investor's ad aims to help stock
. starnews.com
7/31/00 J.J. CRAMER FROM TheStreetCom editorializes: “ A great Idea !!!”
ragingbull.altavista.com
8-1-00 Star Tribune: Neal St. Anthony/On Business:
Jacobs roars, short sellers yawn
startribune.com
. Meanwhile, CURRENT SHORT INTEREST as of 7/22/2000 is 64,000,000 shares
messages.yahoo.com
messages.yahoo.com
Shorting Rules
ragingbull.altavista.com
BOOKS ON SHORTING
(If any one wants to ahead and short some more and make
Mr.Wendt’s Day ).
capatcolumbia.com
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7/28/00 :FABER CNBC REPORT & CONTROVERSY
( ie that Wendt is going to dilute shareholder equity ).
ragingbull.altavista.com
7/29/00 reply by ta to FABER Report: CNBC FABER is either LYING or MISINFORMED
messages.yahoo.com
7/24/00 Cnet : ''We're not going to be diluting shareholder value at ridiculously low prices,'' Wndt said.
cnetinvestor.com
messages.yahoo.com
7/31/00 FABER CORRECTS HIMSELF: “ CNC WILL N O T ISSUE ANY N E W EQUITY “.
boards.cnbc.com
Thank you Mr. FABER.
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BANKRUPTCY 7/22/2000
Part I
messages.yahoo.com.
Part II
messages.yahoo.com.
messages.yahoo.com.
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MR.T.LEE'S PREFERRED STOCK
messages.yahoo.com
messages.yahoo.com
BROKERS OPINION
7/30/00 STANDARD AND POOR UPGRADES CNC TO 4 STARS FROM 3 STARS
Message 14133330
Merrill Lynch
7/31/00http://messages.yahoo.com/bbs?.mm=FN&action=m&board=7081488&tid=cnc&sid=7081488&mid=62518
.7/26/00 LEHMAN MAINTAINS OUTPERORM II ON CNC
Message 14109720
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CNC CHART
stockcharts.com[L,A]DCCLYYMY[PB10!B20!B30!F][VC60][IUH14,3!LI14,3!LC20!LK14]
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VARIOUS NEWSPAPER ARTICLES
7/29/00: Indianapolis Star Tribune Observers expect more cutbacks by Conseco
startribune.com
NEGATIVE ARTICLES ON CNC
7/27/00 TheStreetCom: Herb's Hotline: Oversight by Conseco?
thestreet.com
7/10/00 TheStreetCom: Conseco Sets Rich Pay Package for New CEO, By Peter Eavis Message 14023449
7/11/00 Herb's Hotline: Will These Conseco Capers Never Cease?
By Herb Greenberg thestreet.com
&/14/00 Bloomberg :Conseco Outdoes Itself in Piling Gifts on Wendt:
by Graef Crystal
ragingbull.altavista.com
7/31/00 Warburg initiates coverage with hold;
messages.yahoo.com
7/31/00WSJ Colin Devine from SmIth Barney is worried about CNC
messages.yahoo.com messages.yahoo.com 488&mid=62505
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MAGAZINE ARTICLES ON GARY WENDT
Aug. 7, 2000 :BUSINESS WEEK
ragingbull.altavista.com
My comments on Business Week Article: Music…Music…Music..
Message 14127197
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1997 FORBES/GECAPITAL: " BLOWING BUBBLES "
forbes.com
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PREVIOUS REVIEW POSTS
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July 5, 2000: REVIEW OF GARY WELCH LIFE AND ARTICLES
Message 13993832
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July 10, 2000: W S J : GE Capital’s Wendt: " A BRUTAL NEGOTIATOR "
Message 14023303
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MISCELLANOUS
CONSECO INSURANCE RATIGS
conseco.com
WENDT'S BUSINESS CARD
Here's Wendt's business card when he goes to the Bank to ask for money:
I am responsible for 38% of GE's net income:
GE’s profit has come increasingly from Financial Services.
That’s GECapital, the company I run, at GE:
businessweek.com
And here's how I compare with the giants:
Revenues
quicken.com
Cash Flow
quicken.com
Net Income
quicken.com
Looks pretty good !!
<vbg> no?
Gary Wendt
TA |
