<font color=purple>The Street.com's ( MISLEADING ) Numbers
Interesting articles from YAHOO boards.
messages.yahoo.com
The Street.com's Numbers
messages.yahoo.com
Hello,
Check out the Article in Bloomberg Markets September 2000 issue.
The medical insurance business alone at CNC is worth up to $7 billion.
That would wipe out all the debt in one fell swoop.
AGC is on 15x earnings and 3x book.
CI is on 15x earnings and 2.95x book.
AFL is on is on 27x earnings and 4.17x book.
Even the most conservative estimates have CNC earning $1/shr. in 2001.
That is 8x earnings and 60% of book!!!
Hello, even if they sell the medical insurance business,
the increase in free cash flow/shr.
(due to the huge paydown of debt)
will exponentially outweigh the reduction in EBITDA due
the selling of the unit.
Free cash flow,(which is much further down on the income
statement) is much more important than EBITDA
because it reflects the financial position of the firm
as well as its revenue generating capcity.
The quality of earnigs will be greatly improved.
Do the math shorts.
Regards,
Topher
by: tophers2cents 9/28/00 12:52 pm
=====================================
Just popped in - but have to run. However, the operative quotes are as follows (CAPS=mine):
messages.yahoo.com
"Conseco spokesman Mark Lubbers says the data,
which were included in an SEC filing Wednesday
-- two days after they were disclosed in a presentation
to a select group of analysts --
CAN'T be used TO MAKE ACCURATE estimates of operating EARNINGS.
And Lubbers strenuously denies that Conseco effectively
gives earnings projections in the presentation.
Instead, he says the array of cash flow numbers was
included to show analysts how the company proposes to
make debt repayments following its $2.8 billion debt
restructuring announced Friday."
"At the end of the day, the parent company is in no better shape," remarks one New York-based hedge fund manager who requested anonymity. (His fund has sold Conseco's shares short, a trade that STANDS TO PROFIT if they decline in price.) "
======================
Low volume today.
Longs are not selling.
Shorts ,66,000,000 MUST continue to short this stock
to keep it from rising !!!.
Soon the PAC-MEN will take over and a veritable explosion will occurr:
====================================
Here is what shorts have to fear:
From
zulian , today,
in RB boards:
" DAY of RECKONING for SHORTS............
ia approaching."
ragingbull.altavista.com
There are some conditions where stock cannot be loaned out for shorters to borrow against: (I maybe incorrect on some of these)
Insider Stock
Institutional Ownership
Some Funds or Hedge Funds
etc.
Which leaves the balance left for shorting.
Now if a shareholder asks their broker to request the stock to be called in, if on loan, and then not to be loaned out, a shorter is FORCED to cover even if they are well within their margin limits.
OR HERE IS THE SHORT SQUEEZE More buyers jump in and there are no shares available to sell them, then a shorter is FORCED to cover because a buyer CANNOT be denied their purchased shares. Thus the more a stock is short the less shares there are to sell until a short position is covered. Also this generates TWO BUYS instead of ONE. The shorter when "FORCED or otherwise" has to BUY to cover their position which the NEW Investor "BUYS" these shares. The sell was already performed long ago when the shorter went short. That's were the TWO BUYS come from. In the case of a short squeeze ALL BUYS are happening DRIVING the PRICE UP, UP, UP.
Z
EOM
" By: zulian $$$
Reply To: 5720 by ChrisDD $$$ Wednesday, 27 Sep 2000 at 2:53 PM EDT
Post # of 5742
==========================
How do you like them apples?
Also don't forget to look at this graph to understand where
StreetCom is headed:
finance.yahoo.com
TA
self - elected and appointed
PAC-MEN COMMANDER,
successfully implementing
THE
“ PAC-MEN STRATEGY “
TO EFFECT A GIANT
INSTITUTIONAL and REATIL
CNC SHORT-SQUEEZE:
ragingbull.altavista.com
We want to produce a HISTORICAL short squeeze:
“Anatomy of a Short-Squeeze “
Message 14330070
ta_56 @
Sept 27,2000, CNC NEWS AND COMMENTARY
Message 14462145
SEPT. 27,2000,CNC NEWS, REVIEW, FUNDAMENTAL DATA AND COOL LINKS
Message 144621
by: iben_there
9/28/00 12:57 pm |
