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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: JM who wrote (439)12/3/1997 9:34:00 PM
From: M.A. Miller  Read Replies (3) of 4155
 
I e-mailed IR too. I trust credit agencies, execs of companies that sold out for CNC stock, and analysts more than Dirks. But I think we've hit a point where CNC owes a duty to its shareholders to respond with more detail, rather than just throwing the guy out as a jerk, as Hilbert did in the 2nd quarter analyst conference.

We'll see if gen counsel Sabl feels the same way I do, and can persuade Hilbert to respond with some meat.

The one point Dirks doesn't address to my satisfaction is the heavy insider buying by CNC execs. Why would they do that if CNC is a mess? Simply to create an illusion that things are good. I don't think so.
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