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Non-Tech : Conseco Insurance (CNO)
CNO 41.01+3.6%12:10 PM EST

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To: donjuan_demarco who wrote (2379)8/14/2000 5:22:16 PM
From: AK2004  Read Replies (1) of 4155
 
Well, Donjuan , my dear subject

very simple fact is that if high rated company would buy cnc as it is now then the value added would be in the ballpark of 2x to 4x of current cnc market cap.

company is hurting now, no doubt about it. And the maturing debt is a problem because of the current cost of capital for cnc. I am not exactly sure where "subs stuffed with junk" coming from because I do not believe subs would have sufficient required surplus but if they do then the company is in much better shape than I expected :-))

Regards
-Albert
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