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Non-Tech : Conseco Insurance (CNO) -- Ignore unavailable to you. Want to Upgrade?

To: David T. Groves who wrote (1086)	4/8/2000 4:29:00 PM
From: William B. Lowrance	Respond to of 4155

To anyone that has kept on top of all the adverse happenings with Conseco over the past several years, the stock reversals should come as no surprise. The most notable being: "HOW CONSECO GOT MERRILL TO PITCH FUNDS",Wall Street Journal, 1-20-99 (C1); "ARE THERE CRACKS IN CONSECO'S HOUSE OF ACQUISITIONS?",Wall Street Journal, 3-23-99 (C1); "POOF! $34 MILLION VANISHES ON BROADWAY", The New York Times, 9-26-99 (Front Page Sec 3); "THE ICE GETS THIN", Forbes, 11-29-99 (page 190-195), "His (Hilbert) company`s tangible net worth-net worth minus intangibles-is negative",---- Forbes.etc. I've had a very special interest in Conseco since early 1997 because their activities caused me to suffer a financial loss.I have spent considerable time checking into Conseco and their key people's activities. As a consequence I have managed to recover (plus) my losses through shorting the stock of Conseco. As the 3-23-99 Wall Street Journal states--- The Texas Insurance Board along with several other state ins. boards have been investigating Consec for over a year and half now. My in-depth analysis caused me to believe that Conseco`s stock was due for a tumble with or without Green Tree. I have a feel it will still fall a long way below hat size.

To: David T. Groves who wrote (1086)	4/8/2000 4:47:00 PM
From: KevRupert	Respond to of 4155

David, thanks for the info. I don't mind bottom feeding if I think there is a bottom - but you surely cast a doubt upon that notion! $1 is a lot lower than $7.

To: David T. Groves who wrote (1086)	4/8/2000 6:28:00 PM
From: Robert T. Quasius	Read Replies (1) \| Respond to of 4155

I've read comparisons on the Yahoo board comparing CNC with FPFG and CTYS, one of which is going through BK, and the other one is BK. CNC is an entirely different company than FirstPlus or CityScape. First, the 125% loan business is only a part of the Finance Group's business; they make other loans as well. Of course, CNC is much more than specialty finance, and the other businesses appear to be doing quite well. As far as liquidity goes, CNC continues to have positive cash flow, versus the negative cash flow FPFG and CTYS were experiencing when the credit markets dried up for 125% loans. I agree that CNC paid too much for GT, and the uncertainty surrounding the sale hangs over the stock. However, I believe CNC will receive much more than "chump change" for GT, and once that cloud is removed CNC will go back up to at least $20/share, probably $30 - 40 in a year or two. Of course, the Street lacks confidence in Hilbert now, so it would be better if he left the scene.