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Strategies & Market Trends : Trader J's Inner Circle -- Ignore unavailable to you. Want to Upgrade?

To: Street Hawk who wrote (29245)	4/14/2000 5:18:00 PM
From: Softechie	Read Replies (1) \| Respond to of 56532

Hawk Since the so called merger between CNC and GNT 2 years ago, CNC has been going down from there. GNT CEO was a damn shrewd negotiator and he pulled a fast one on CNC CEO. The deal was mostly with stocks so I don't think it's that bad. They still can sell GNT for $4B and taking about $2B loss and they can amortized it over 10 or 15 years. Overall it's much better for CNC to dump Green Tree and concentrate on their insurance business and not in mobilehome mortgage. Well they've got spanked good. I'm not sure how many more skeletons to be pulled from closet but I feel comfortable with it now than before. Good luck.