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Non-Tech : Conseco Insurance (CNO)
CNO 42.31-1.2%3:59 PM EST

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To: Pancho Villa who wrote (639)3/3/1998 10:06:00 AM
From: Wabash Cannonball  Read Replies (1) of 4155
 
Pancho, I do not disagree with anything you've written. I've watched this company for twelve years and I always thought it was overpriced, a bubble, etc. So I never bought it and paid a great price for protecting myself.

When insiders put up $125 million, I decided I could buy a little myself. This was the action that finally moved me.

As an insurance agent, I am intrigued by the stock options. I agree that agents usually aren't rewarded by this type of opportunity. I wonder if the cost/benefit of offering this incentive might be especially useful to the company. There may be vast numbers of agents selling for the company in the future due to this stock option. This not only sells policies but may swell the ranks of the shareholder base, as well. Someday, we may all look back and say this was a smart maneuver by a company with insight.
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