Sept 5,2000, Complete CNC NEWS and REVIEW
No comments today other than the obvious fact that
CNC Pony is sprinting forwards.
Soon will cross the famous 200 DMA @ ~ 11 3/4
then all hell will brake loose.
stockcharts.com
I don’t know how many shorts have covered.
The fewer the better.
The more shorts we got the better it is: dry powder.
I am now reevaluating the sell@ $20 PAC-MAN Strategy.
My new approach is to
RECONSIDER @ $20 whether to sell or hold
WENDT stands to make a GIANT amount of money
when he gets CNC up to $30. So why sell at all at $20?
====================================
Today I also added a nice post by Coporate_Barbarian
as to why G.Wendt took the job:
messages.yahoo.com
cheers,
TA
@
PAC-MEN SQUEEZING the Shorts
RB Version
ragingbull.altavista.com
or
Or SI version
Message 14279308
and
Sept. 5, Complete CNC NEWS and REVIEW
Message 14329270
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CNC FUNDAMENTAL DATA
===========================
CNC Balance Sheet
----------------------------
conseco.com
FUNDAMENTALS
quotes.nasdaq.com
9-2-00 Morningstar Quicktake® Report
quicktake.morningstar.com
.CNC Restructuring Program.com
----------------------------------------
quicken.com
.Earnings Estimates
-----------------------------
Silicon Investor
Message 14250661
NASDAQ-Info-Quote
earnings.nasdaq-amex.com
PREFERRED STOCK
finance.yahoo.com
C H A R T S
Stockcharts: CHART
stockcharts.com
.
NASDAQ CHART
.http://quotes.nasdaq.com/quote.dll?page=charting&mode=basics&prior_selected=USON&symbol=NOVN%60&symbol=USON%60&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&selected=cnc
. SI CHART
siliconinvestor.com
Money Flow Data
by Softechie
siliconinvestor.com
***************************************************
MAJOR RECENT ARTICLES ON CNC
.
=======================================================
08-31-00 (BUSINESS WIRE)--Conseco, Inc. announced today an agreement with Chase Manhattan Bank and Bank of America to extend to Sept. 22, 2000, $155 million in loans to Conseco, and $145 million of guarantees by Conseco with respect to loans made to directors and officers of Conseco in connection with a stock purchase program. news.morningstar.com
Aug. 30 Bloomberg Conseco Shares Gain as Bank Debt Rescheduling Pact Expected
By Dan Lonkevich
ragingbull.altavista.com
Aug.29,2000: The StreetCom
Conseco Near a Deal to Extend Loans
Message 14298004
Aug. 17,2000: Business Wire: Wendt Battles Shorts
Message 14227830
.Aug.15,2000: 1) Lehman Is Latest Hurdle For Conseco's Recovery
Message 14214595
Aug.15,2000: Conseco Still Negotiating Debt Maturity With Lenders
Message 14214598
..Aug. 14,2000: FITCH TO UPGRADE COMSECO?? Because it is
overcollateralized?
Message 14212528
. Aug 9 (Reuters) - Conseco Finance, fixed final terms for its 2000-4 series $1.2 billion
nine-tranche asset-backed bond launched on August 4.
Rating Aaa/AAA/AAA
ragingbull.altavista.com
.
Aug. 9,2000: A consortium of eight insurance companies has completed a $40.5 million investment in
affordable-housing projects across the state, the first test of an effort to get insurers
to voluntarily invest in community development.
ragingbull.altavista.com
.Aug. 4, 2000: Conseco prices senior classes of $1.2 bln ABS deal favorably
ragingbull.altavista.com
.Aug. 4, 2000:Conseco Capital Management Names New Co-Portfolio Managers
for Conseco High Yield Fund
Conseco Promotes From Within After High-Yield Exodus
ragingbull.altavista.com
.
.7/27/00 BUSINESS WIRE:
CONSECO Announces Restructuring Program ,Parts I, II, III & IV , from RB
ragingbull.altavista.com
.http://www.quicken.com/investments/news/story/bw/?story=/news/stories/bw/20000727/a2620.htm&symbol=CNC
.
. 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 paidby GE to non - compete and do nothing. GE gets 10 mill CNC shares,
will make another killing.
.
messages.yahoo.com
.
8/21/00:CONSECO INVESTOR RELATIONS SAYS:
Mr. Wendt paid the taxes on the bonus. His bonus was not grossed up. He received $45 million before taxes.
messages.yahoo.com
6/30/2000 WENDT BACK FROM HONEYMOON messages.yahoo.com
..
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VARIOUS CNC INVESTORS
****************************************************
.
Aug. 29, 2000:DLJ has a big position in cnc as of 6-30-2000 and
is UP 429% from previous Q.
insidertrader.com
GABELLI FUND UP 23% has 9% of position in CNC:
messages.yahoo.com
GABELLI FUND UP 23% has 9% of position in CNC:
messages.yahoo.com
Comments on Gabelli by YHOO poster tired_of_drivel
messages.yahoo.com
messages.yahoo.com
PROFIT VALUE FUND: 4 star Morningstar rating.
In last 3 months has added new position in Conseco,
to make in 8th largest position;
position similar in size to its holding in Berkshire.
messages.yahoo.com
.
**************************************************
BROKERS and ANALYSTS' OPINION
9-2-00 Morningstar Quicktake® Report
quicktake.morningstar.com
.8/15/00 Bloomberg: Novell, Conseco Are Among the True Stock Bargains:J.Dorfman
cnetinvestor.com
Message 14220318
8/10/2000Gary Smith from REALMONEY.COM at The StreetCom
puts a buy on CNC with a stop at 7.
Anyway, here are a few charts to look at as you sip your morning Cafe Yukon:
thestreet.com
ragingbull.altavista.com
thestreet.com
8/5/00 S & P raises Outlook to highest, 5 ( on scale 1 to 5 )
messages.yahoo.com
7/30/00 STANDARD AND POOR UPGRADES CNC TO 4 STARS FROM 3 STARS
Message 14133330
Maintains: Accumulate: messages.yahoo.com
7/31/00 Merrill Lynch messages.yahoo.com
7/26/00 LEHMAN MAINTAINS OUTPERORM II ON CNC Message 14109720
*************************************************
.
OVERVIEW of CONSECO INSURANCE RATINGS
. conseco.com
.
***********************************************************
RATING AGENCIES , MOODY’S, S & P etc
.
.FITCH
.
. Aug. 14,2000: FITCH TO UPGRADE COMSECO?? Because it is
overcollateralized?
Message 14212528
Aug. 11. 2000:Conseco 2000-4 $1.2B Manufactured Hsg Contract P-T Rtd By Fitch
Message 14200638
biz.yahoo.com
Aug. 11, 2000: Fitch Downgrades Conseco Rtgs
biz.yahoo.com
Message 14200576
.
. S & P
.===============
.http://www2.marketwatch.com/pulse/pulse.asp
ragingbull.altavista.com
S&P cuts Conseco Fin status
Aug. 8, 2000--3:18 pm - By Chris Kraeuter
Conseco Finance's credit rating status was revised to "negative" from "developing" by Standard & Poor's. According to a S&P statement, S&P "believes Conseco Finance's creditworthiness is severely limited by a lack of funding flexibility and aggressive leverage." Also, S&P cited its belief that the finance unit will not be sold to a "higher-rated" entity in the foreseeable future. Conseco Finance's ratings were placed on "developing" on March 31. Conseco's (CNC: news, msgs) ratings status was placed on "negative" on April 7. Currently, Conseco shares are down 1/16 to 7 7/8 on volume of 2.8 million shares.
ragingbull.altavista.com
Comment from RB poster on above S & P reports:
messages.yahoo.com
8/9/00 1:58:00 PM : Business WireS&P Places Various Green Tree Cert Rtgs on Watch Neg
The revision in the CreditWatch status reflects the increasing likelihood that
Conseco Finance will not be sold to a higher-rated entity in the foreseeable future.
ragingbull.altavista.com
Comment from RB poster on above S & P reports:
.MOODY'S
=======================
quote.bloomberg.com
. " While Moody's said it expects the company and its bank lenders to reach a satisfactory agreement,
it said the details of such an agreement and the effects on Conseco's operations remain uncertain.
moodys.com
New York, June 30, 2000 -- Moody's Investors Service has downgraded the credit ratings of
Conseco, Inc. and its affiliates (senior debt rating to Ba3 from Ba1).
moodys.com
New York, April 20, 2000 -- Moody's Investors Service lowered the senior
unsecured debt ratings of Conseco, Inc. and Conseco Finance to Ba1 from Baa3.
.
MORNINGSTAR/FINANCIAL
============================
messages.yahoo.com
Morningstar grades CNC a B-, for financial health, just slightly below average
for insurance industry and average for universe of stocks.
.
.
DALBAR Insurance Rating Web site
================================
Part 1
messages.yahoo.com
Part 2
messages.yahoo.com
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VARIOUS OTHER ISSUES IN CNC:
.
.**********************************************
ISSUE OF PRODUCING A GIANT SHORT SQUEEZE:
================================================
MOST RECENT
=================
8-29-00The Original PAC-MAN Short_Squeeze Strategy remains intact and in force
Silicon Investor version
Message 14284021
RB Version
ragingbull.altavista.com
First, to effect a short squeeze in CNC and see a giant squirt
of cash upwards in your CNC stock:
b) ask your broker to put the stock out of Street name, or
b) ask your broker to put a sell price ¡§ good till cancelled
at let's say $40 or $50. That will remove it from the short pool.
c) or simply ask him to restrict it, ie you don't want to have it
loaned out for shorting.
8-29: ANATOMY of A Short Squeeze
Message 14309254
.8-28 Cramer:The Street Com:
Buy-In Blues
. thestreet.com
8-21-00: StreeetCom.com:
What Happens When Short-Selling Goes Bad
thestreet.com
biz.yahoo.com
Message 14247932
Aug: 11, 2000:REUTERS: "Liquidator" Jacobs bets on insurer's turnaround
biz.yahoo.com
Message 14172703
CNC in WORTH Magazine via Maverick Capital's Hedge Fund Manager - Lee Ainslie.
Ainslie is a noted short seller who has averaged 24.8% after fees with $5B under management.
He has covered his CNC position: I am not going to go
Against somebody of Wendt’s reputation
.
8-1-00 Star Tribune: Neal St. Anthony/On Business:
Jacobs roars, short sellers yawn
startribune.com
.
7/31/00 J.J. CRAMER FROM TheStreetCom editorializes: A great Idea !!!
ragingbull.altavista.com
7/27/00 IRWIN JACOBS WANTS TO PRODUCE A SHORT SQUEEZE.
.
He puts this Ad in WallStJ. then other papers
messages.yahoo.com
streetmonkey.com
. IRWIN JACOBS PICTURE : interactive.wsj.com
.
Angling for Tie-Ins, Irwin Jacobs Took Up Big-Time Bass Fishing
interactive.wsj.com
Message 14204449
.
========================================================
CURRENT SHORT INTEREST
============================
SHORT INTEREST
8-22-00 Wall Street Journal
ragingbull.altavista.com
Short Interest According to this web site:
trading-ideas.com
Shorting Rules
ragingbull.altavista.com
. BOOKS ON SHORTING
========================
(We encourage would be shorts to read these
and go ahead short some more and make
Mr.Wendt¡¦s Day when the big squeezarooo comes along).
capatcolumbia.com
.
BAD SHORTING ADVICE
.
Mr. Pink's Picks: selected event-driven value investments
in SI Thread, by Mr. P$nk Esq.
Message 14187856
.
MISCELLANEOUS SHORTING
8-29-00Cramer The Street Com: complains about negative web postings;
they attacked his family::
A Message for Message-Board Rumor Mongers: Clean Up Your Act
thestreet.com
messages.yahoo.com
CNC Stock Analysis of the day by paulthebigfinn at YAHOO board
messages.yahoo.com
************************************************
7/22/2000 ISSUE OF CNC BANKRUPTCY
AND of DILUTION of SHAREHOLDER EQUITY
======================================
.
.
Part I messages.yahoo.com.
Part II messages.yahoo.com.
messages.yahoo.com.
.
.
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,'' Wendt 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.
.
**********************************************
ISSUE OF MR.T.LEE'S PREFERRED STOCK
=========================================
Aug.16:RBull: by Normal_Deviate
ragingbull.altavista.com
Aug.16:RBull: by NJ-Gator:
ragingbull.altavista.com
messages.yahoo.com
messages.yahoo.com
.
ISSUE of VALUE of PREFERRED STOCK
======================================
messages.yahoo.com
.
**********************************************
LAWSUITS, INTERNET AND CNC
.
.
8/14/00 CNC hires David Herzog as V.P. and General Counsel
Message 14211926
.
From Law firm Baker and Daniels
a very large Indianapolis firm:
bakerdaniels.com
.
.
REVIEW OF RECENT INTERNET LAWSUITS:
--------------------------------------------------
Message 14157877
Friday August 4, H-Quotient, Inc., Files Suit Against Alleged Stock Manipulators Message 14173025
The most recent Lawsuit won by Biometrix
Message 14158321
And just before that New subpoenas on the way
biz.yahoo.com
.
.
NEGATIVE ARTICLES ON CNC
**********************************************
September 1, 2000 smartmoney.com. Denounces Colin Devine as
being Wrong :
Message 14322877
8/17/00 The StreetCom: Good News with a BAD Spin
which StreetCom specializes in:
Message 14230638
.
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
***********************************************
.
MISCELLANEOUS
.
********************************************************
MISCELLANEWS CNC NEWS
August 11, 2000: Dow Jones News: Conseco Preferred gains in NYSE
Message 14204249
August 11, 2000: Dow Jones News:
CNC FLEXIBLE PORTFOLIO MUTUAL FUNDS TOP PERFORMANCE
Message 14204221
.=================================================
********************************************
RUMORS
============
Rumor that AXA will buy CNC:
ON The Move: Is Conseco a Takeover Target?
biz.yahoo.com
You need REAL PLAYER for a broadcast of this.
Dow Jones: Conseco Up 6%; Extends Gains On Bank Deal Speculation
Dow Jones Newswires
ragingbull.altavista.com
ragingbull.altavista.com
========================================================
teknalysis in RB speculated that at a $20 buyout Wendt gains tremendously on his
common stock deal
ragingbull.altavista.com
Furthemore at $20 all insider debts are gone!!
ragingbull.altavista.com
Speculation about AXA or somebody else buying CNC contnues.
Recent report shows DLJ increased CNC position by 429% over previous Q
AXA just bought DLJ. for 11.8 bill.
insidertrader.com
The rumor appeared in JAG notes
messages.yahoo.com
===================================
Rumor that A.M. Best upgrade a done deal:
messages.yahoo.com
Two weeks ago CNC presented three reinsurance proposals to A.M. Best. They were VERY responsive. Deal for significant upgrade waiting for refinance to be formalized. Might wait until Sept. 22nd. Production will rebound. Conseco variable #1 variable annuity in country with 9 five star rated funds and sales doubling each year for the last two years.
No more write-offs for GNT, 150 million in savings from restructuring= $750 million profit. Add a billion or so from insurance & investment management. Asset sales = debt upgrades = lower interest expense. Surprise earnings through 2001.
This butterfly is half way out of the cocoon and getting ready to fly. It's like buying GE at 1995 prices.
Source? 11815 N. Pennsylvania Street Carmel, Indiana 46032, Bldg. A, 4th floor.
messages.yahoo.com
.
********************************************
WHY I INVEST IN CONSECO
ragingbull.altavista.com
.
.
***********************************************
.WHAT IS CNC REALLY WORTH?
View from a competitor Mr.Nauert, CEO of CERES:
Message 14173062
A CNC competitor!! ,Mr.Nauert, CEO of Ceres says that
starnews.com
If sold to the right buyers, Nauert said, Conseco's insurance operations could bring as much as $7 billion. That's the equivalent of $21 a share -- nearly three times Conseco's current stock price.
And this is from a competitor!!!!
.
WHO IS GARY WENDT
**********************************************.
Sept.5,2000: Excellent post by Corp. Barbarian YHOO poster
as to why Wendt wants to win at CNC:
messages.yahoo.com
Aug. 7, 2000 :BUSINESS WEEK
ragingbull.altavista.com
My comments on Business Week Article: Music¡KMusic¡KMusic..
Message 14127197
1997 FORBES/GECAPITAL: " BLOWING BUBBLES "
forbes.com
July 5, 2000: REVIEW OF GARY WELCH LIFE AND ARTICLES
Message 13993832
July 10, 2000: W S J : GE Capital¡¦s Wendt: " A BRUTAL NEGOTIATOR "
Message 14023303
WENDT'S BUSINESS CARD
I run GECapital, GE’s most profitable part for 13 years
forbes.com
I am responsible for 38% of GE's net income:
GE’s profit has come increasingly from Financial Services
That’s GECapital, the company I run, at GE:
businessweek.com
And here how I compare with the giants:
quicken.com
******************************************
TA
.
.
.
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x
x
x
APPENDIX DEDICATED TO MISCELLANEOUS IN SHORTING:
======================================================
An introductory song about short covering:
Come on baby, we got a lot of short-coverin' goin' on !!
By Jerry Lee Lewis
amazon.com
It HURTS to be a SHORT
amazon.com
( aka #2 It Hurts to Be in Love By Gene Pitney )
amazon.com
============================================================
Shorts felt REALLY BAD today.
How bad does it feel? Check this
amazon.com
#5: Like a Rolling Stone
amazon.com
==========================================================
Shorts thought of going the Hemlock way.We suggested they do it properly
And go here:
Here's the proper way to use Hemlock:
First become informed
hemlock.org
Then
"Think Happy Thoughts"
as
by Jack Handey...
hemlock.org
Then do it.
COVER YOUR BUTT!!!COLD TURKEY is always best:
hemlock.org
================================
SHORTS GONE SOUR.
For Example: SI’s Mr.P$nk:
He appears to have been abandoned by his troops:
messages.yahoo.com
========================================
Wendt poses the historical question
to all CNC Shorts and in particular to
CNCShorts troop-leader Mr.P$nk, pink-punk-pantheon.de
Did they feel Lucky?
This was the exchange:
Gary: you've got to ask yourself one question shorty :
“ do i feel lucky?..........well do ya punk?"
localsonly.wilmington.net
" I know what you're thinking.
Did he buy six shares or only five of CNC .
Well to tell you the truth, in all this excitement,
I kind have lost track myself.
but bein' this is a 44 WENDT magnum,
the most powerful BRAIN in the world,
and would blow your financial head clean off,
you've got to ask yourself one question
.......do i feel lucky?..........well do ya punk?"
GARY WENDT aka “ DIRTY HARRY “
Shorts: Requiescat in pace.
May you rest in peace.
TA @
Editor,
CNC News and Reviews
Silicon Investor version
Message 14305958
RB Version
ragingbull.altavista.com
PS: If you keep on clicking on my name on my previous post,
it will take you all the way to my original post.
=================================================== |
