8/2/00REVIEW OF RECENT ARTICLES AND EVENTS ON CNC
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EDITORIAL
August 2, 2000
CNC down to 7 ¾ ( very brief low of 7 11/16 ) while DOW is up on weak housing starts.
It’s been noted that CNC moves in opposite direction of the DOW
So today’s move is not surprising.
CNC holding at 7 ¾ which has been the low for the past 4 weeks.
Meanwhile CNC Finance today priced $562M Receivable Notes
In Line With Talk .
The A-1 through A-4 classes are all rated triple-A by
Moody's Investors Service and Standard & Poor's Corp.
ragingbull.altavista.com
Gary keeps working at getting CNC back in shape.
CNC bears meanwhile, of all colors, from Pink to Black
were rattling their cages because of small 1/8 ( 1.6% ) dip today.
It does not take much to get out CNC Caged bears excited these days.
They have been starved for one month and locked in short at 5, 6 and 7.
Deep in the red. So any little crumb gets them going.
I have instructed our Chief Bear cage Supervisor Softechie, NOT
To feed them anymore caffeine.We will stick with plain Hospital Food
From now on.
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Finally The Most Significant post continues to remain the insightful one, on 7/31/00,
By oldparadigm_2000
At YHOO
messages.yahoo.com
who said
ever since conference call...There is less and less talk about bankruptcy (after Wendt said it ain’t happening) 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) messages.yahoo.com It is surprisingly candid about his reasons for covering.
TA
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MAJOR RECENT ARTICLES ON CNC
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7/27/00 BUSINESS WIRE:
CONSECO Announces Restructuring Program ,Parts I, II, III & IV , from RB
ragingbull.altavista.com
DOW JONES NEWSWIRE 7/27/00:COMPLETE EPS REPORT
1: dowjones.work.com
2: dowjones.work.com
3: dowjones.work.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:
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 :ISSUE of 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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ISSUE OF BANKRUPTCY 7/22/2000
Part I
messages.yahoo.com.
Part II
messages.yahoo.com.
messages.yahoo.com.
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ISSUE OF 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
CNC CHART
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stockcharts.com[L,A]DCCLYYMY[PB10!B20!B50!C20!F][VC60][IUH14,3!LI14,3!LC20!LK14]
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VARIOUS NEWSPAPER ARTICLES
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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
MAGAZINE ARTICLES ON GARY WENDT
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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
MISCELLANEOUS
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CONSECO INSURANCE RATIGS
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conseco.com
WENDT'S BUSINESS CARD
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Here's Wendt's business card when he goes to the Bank to ask for money:
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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 how I compare with the giants:
Revenues
quicken.com
Cash Flow
quicken.com
Net Income
quicken.com
GARY WENDT
Looks pretty good ,
Eeh? No?
vbg
TA |
