Conseco Insurance (CNO) Message Board

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Non-Tech : Conseco Insurance (CNO)

CNO 40.46

+1.7%

Nov 21 9:30 AM EST

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To: M.A. Miller who wrote (331)	9/13/1997 5:04:00 PM
From: Louis Rossetto (Hijacked)	of 4155

After reading the Dirks report, there are "some" interesting questions including: Is the book value of Conseco really only $1.29 per shsare??? This is after excluding $3,133600,000 of goodwill. Note that the acquistion of colonial Penn Life will increase Goodwill to a total of about $3.5 BILLION by Sept. 30th....... Are growth in earnings not stable...in the sense that under the accounting method used, more of the premuims are taken in as revenues up from (in the acquistions)...and thus will not be able to continue.... Anyway, there could be something here in Dirk's report (although I also would agree he is likely to have an axe to grind)... Louis R.

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