Conseco Insurance (CNO) Message Board

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Non-Tech : Conseco Insurance (CNO)

CNO 43.05

+0.8%

Feb 10 3:59 PM EST

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To: John Carragher who wrote (686)	4/8/1998 9:22:00 AM
From: gerard mangiardi	Read Replies (1) of 4155

I brought GNT a few months ago after it's stock was crushed. I did this for two reasons. First the company has never had a quarter in the last five years whre cash flow was negative. Second the loan prepayments I believe was simply a natural reaction to lower interest rates. The write offs were a result of honest accounting because when assets disappear from the balance sheet you must take a charge against earnings. What I don't have a good understanding of is CNC's business. I'm trying to decide if I should hold the stock in the merged companies or sell. BTW my target for GNT was about $50 so I don't believe CNC overpaid.

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