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Non-Tech : Conseco Insurance (CNO)
CNO 41.25+1.9%Nov 7 9:30 AM EST
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To: AK2004 who wrote (3442)10/6/2000 10:02:39 PM
From: F. Lynn  Read Replies (1) of 4155
 
If you are saying that accounting equity is not the same as economic value, remember- this is a financial company, one with mainly financial assets, and one with mortgage origination activities and hence likely to have highly toxic I/O strips all over its balance sheet.
I cannot recall a single finance company that ever had to mark assets up, instead of down, in a liquidity crisis. If economic value and accounting value diverge the latter is almost certainly the higher figure.
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