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Strategies & Market Trends : A.I.M Users Group Bulletin Board -- Ignore unavailable to you. Want to Upgrade?

To: steve in socal who wrote (8080)	8/5/1999 5:55:00 PM
From: JZGalt	Respond to of 18928

sk, I owned CNC for a number of years, but it has a black cloud over it in the past 2 years. Constant accounting irregularity rumors swirl around this company. I finally ditched it at $34 on one of the last spurts upwards. If you read back in the history of the company, they were a consolidator of smaller insurance companies and very successful at it. Then about 2+ years ago the head lawyer of the firm was decapitated when he walked into a helicopter blade at the Indy airport. Ever since they have not been run well IMO. What finally made me sell? I have a paragraph about each company that I keep in my head and CNC's was "consolidator of small insurance firms". Last time I looked the CEO said they weren't interested in that any more, so I sold the company. ---- Dave