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


To: David T. Groves who wrote (1091)4/9/2000 9:07:00 AM
From: Robert T. Quasius  Read Replies (1) | Respond to of 4155
 
Here's some ratio comparisons from Market Guide. According to this, CNC has very strong
cash flow, including a price/free cash flow ratio of 3. Strong free cash
flow does not indicate a company choking in debt to me.

yahoo.marketguide.com

There is a considerable discrepancy between the price/book and price/tangible book ratios,
which reflects carrying a lot of goodwill from acquisitions on the books. However, the
price/tangible book ratio is positive, and less than others in the industry.

The tangible book will no doubt drop a lot with write-offs from GNT, but cash flow isn't
affected by one time charges, and is a better indicator of a company's short term financial
health.

RATIO COMPARISON

Valuation Ratios Company Industry Sector S&P 500
P/E Ratio (TTM) 3.95* 18.69 21.62 38.28
P/E High - Last 5 Yrs. 34.22 31.75 32.92 48.96
P/E Low - Last 5 Yrs. 4.94 11.87 11.30 16.69
Beta 1.54 1.31 1.30 1.00
Price to Sales (TTM) 0.46* 2.17 4.62 8.39
Price to Book (MRQ) 0.70 3.62 4.05 10.61
Price to Tangible Book (MRQ) 2.67 3.81 4.80 14.06
Price to Cash Flow (TTM) 2.09 14.39 18.32 29.06
Price to Free Cash Flow (TTM) 3.09 30.63 20.88 49.00
% Owned Institutions 71.34 58.00 47.76 57.93