Conseco Insurance (CNO) Message Board

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Non-Tech : Conseco Insurance (CNO)

CNO 41.19

0.0%

Nov 26 3:59 PM EST

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To: Gerald Walls who wrote (629)	2/26/1998 5:01:00 PM
From: Wabash Cannonball	Read Replies (1) of 4155

The most compelling reason I bought CNC was the fact that 27 insiders purchased $125 million of stock between $48-49. I spoke with one of these insiders who told me that he thought that we would see prices move beyond that range after the annual earnings announcement or after the first quarter report. Maybe there will be more interesting earnings coming in about 90 days. Perhaps, this was the reason I was expecting movement past $48-49 when the earnings announcement was made. Regardless, I think management has plans to make sure there will be significant appreciation in the next 18-24 months or they wouldn't have made a $125 million bet.

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