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Non-Tech : Conseco Insurance (CNO)
CNO 39.67-1.2%Nov 19 3:59 PM EST
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To: Sonki who wrote (545)1/8/1998 11:10:00 AM
From: M.A. Miller  Read Replies (1) of 4155
 
Earnings come out in February. I think on the 24th but I'll check. Earnings will be above estimates. No surpise, b/c Hilbert always has earnings above estimates. Stock trading at 12.6 times 98 earnings, which CNC has agreed it will meet.

I think the street is holding CNC waiting for announcements which will boost stock. Why should CNC have a multiple of higher than 13 if its just an insurance company - that's what the street says. But if CNC announces accretive acquisitions then the multiple will increase and the earnings will increase and the stock will increase.

I think everyone is basically waiting around saying "OK what next". But my guess is that something will occur because the insiders bot 4 million more shares in open market in Sep and Oct and they don't need more CNC stock just for the fun of it. They anticipate good stock performance.
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