<font color=red>Nov. 15, 2000 COMPLETE CNC NEWS , REVIEWS & COMMENTARY
Today we had the WSJ Argosy article. Is it fortuitous that this article
came out just before CNC is about to reach a major upper resistance level of 9.25 - 9.75?
stockcharts.com[M,A]DACLYYMY[PB10!B20!B30!B50!B200][VC60][IUB14!LA12,26,9!LC20!LF!LG!LI14,3!LH14,3!LL14!LM12]
No.It is not.
Rather, I think that Big Shorty is afraid that if CNC breaks upper resistance at 9.25-9.75,
it will then attack the next level, 11.75. And if it breaks that, then we are talking 15.
And if all this happens FAST, BEFORE they have time to cover their shorts
then they are chicken-feed. So we get today an old rehashed story, totally mis-investigated, old rehashed news.
I thought of pulling together the best comments:
First the original article WSJ Article About the Argosy Dispute:
ragingbull.altavista.com
Then some insightful comments from RB boards:
ragingbull.altavista.com
By: bigwahoo $$
Nice to see Mr. Lubbers of CNC continue to affirm company policy of building Shareholder value.
Apparently,Mr. Hallinan (WSJ) is unfamiliar with this concept.An experienced and skilled manager - GW - is totally
familiar and capable of solving this problem. Applause for CNC management that is aware and concerned that
shareholders are not abused but rewarded by performance. This squabble about valuation will not derail the CNC train.
Why doesn't Mr. Hallinan draw the final inferred conclusion? THE STOCK PRICE ALREADY DISCOUNTED HIS
SCOOP!!! As is usually said" old news around the pit!"
ragingbull.altavista.com
jegbrown $$$$
WSJ's alarmist statement about difficulty in raising needed cash to pay off the bankers is simplistic and naive at best.
As long as operations continue to improve for CNC there will be no problem in rolling over the loans or in securing
financing from other sources until the casino sale is finalized.
Secondly, Argosy is at risk as much as CNC is in this transaction. As described by you, Argosy agreed to an appraisal
procedure where all three appraisals at the end could be averaged to arrive at a final valuation to be used as the sales
price.
They (Argosy) were stupid in agreeing to such an appraisal procedure which gives CNC the right to select their own
appraiser who could come in with a high valuation knowing that it will be averaged.
A wiser approach from Argosy's viewpoint, if the initial two appraisals were more than 10% apart, would have been for
the two appraisers to select a third appraiser who then makes a final determination as to value -- not to average all
three appraisals--which would be binding on all parties.
ragingbull.altavista.com
By birdofprey $$$
Random shot in the dark, But CNC will sell it's stake in Argosy for ~290mil. That is roughly the average between the two
existing estimates and the most likely spot where the third appraisal will fall, given that the appraiser will know the
existing numbers going in. I wouldn't be surprised if Wendt gets this before March 2001.
ragingbull.altavista.com
By: TIN-Woodykelly $$
You are so right about reporters. It seems like this old news was floated to buy time for the shorts and all the borrowed
shares. If it was meant as a cruise missle, it went off like a firecracker. How about the prospect of future earnings
guidance or other news helping cnc's future? My guess is that Wendt will soon have a real cruise missle of his own to
fire at the shorts. Only this one will do more than scare
a few small,inexperienced investors.
TA
$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
CNC NEWS, REVIEW, FUNDAMENTAL DATA AND COOL LINKS
$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
ALL CONSECO ARTICLES since JULY 2000 when WENDT came aboard
11-15-00:WSJ Article About the Argosy Dispute:
ragingbull.altavista.com
BW: Nov. 9,2000: Conseco Finance Announces Multi-Year Contract With Menards
biz.yahoo.com
Tuesday November 7, 1:37 pm :
A.M. Best Upgrades Conseco Inc.'s Principal Life Insurance Subsidiaries
biz.yahoo.com
Nov. 7, 2000 A.M.Best Upgrade
CBSMarketWatch A.M. Best upgrade.
www2.marketwatch.com{D9A03364-250A-43EE-B39C-48E0E74EFE57}
Nov.7,2000: CBS
www2.marketwatch.com
CNC gets debt upgrade
--1:02 pm - By Michael Baron
Conseco (CNC: news, msgs) is jumping $1.50, or 21.6 percent, to $8.44, after
A.M. Best raised the debt rating on the Carmel, Ind., financial services firm's
insurance units to 'A-' from 'B++' and removed them from 'under review' status.
Michael Sheldon, an analyst with Spencer Clarke LLC, said this event
represents a significant strategic positive for the company. "This reassures investors that
management is taking the right steps to make the company competitive and
profitable in the marketplace," said Sheldon, who has a "hold" rating on Conseco
with a price range target of $10 to $15. "I believe the stock could move several
dollars higher in the next few months as investors come to terms with this news."
Message 14723848
WHO IS GARY WENDT
*********************
Message 14723560
CONSECO FUNDAMENTAL DATA AND COOL LINKS
=============================================
Message 14723456
NICE site to get IMMEDIATE NEWS FROM DOWJONES
=============================================
quicken.excite.com
BROKERS & FUNDS RATING & buying CONSECO
===============================================
Message 14723320
CONSECO INSURANCE RATINGS
===============================
Message 14723220
BUSINESS PROSPECTS IN CONSECO:
==============================
BW: Nov. 9,2000: Conseco Finance Announces Multi-Year Contract With Menards
biz.yahoo.com
Message 14723085
CNC Preferred Stock and Bonds
============================
Message 14722931
IRWIN JACOBS and CNC SHORT SQUEEZE:
=====================================
Message 14722401
CNC Longs amusement Park
Message 14445597
Why Wendt took job at CNC and SALARY discussion
==========================================
Message 14722571
MISCELLANEOUS
$$$$$$$$$$$
ISSUE OF CNC potential for BANKRUPTCY
========================================
Message 14721647
WHY I INVEST IN CONSECO
==========================
ragingbull.altavista.com
moneycentral.msn.com
RUMORS
===========
Nov. 2, 2000: ALLIANZ to buy CNC?
messages.yahoo.com
siliconinvestor.com
Sep 21, 2000 AIG to buy CNC and install Wendt as CEO?
Message 14426456
EQUIPMENT used to post <vbg> :
==========
Message 14721259
CNC INVESTMENT DISCLAIMER FOR DUMMIES :
=======================================
Message 14721315
Note: If you click on my last post it will take you to my
very first post 2 months ago.
TA |
