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Strategies & Market Trends : Aetna ( aet) -- Ignore unavailable to you. Want to Upgrade?

To: Logain Ablar who wrote (105)	5/16/2000 12:37:00 PM
From: jack bittner	Respond to of 110

Tim, I have to believe ING and Wellpoint have data you and I are not privy to, and that their offer was serious. also that Longleaf Partners are among the best value investors we have - they have 6% of the stock at an average cost of 52+. the pendulum has swung, and the politicians now realize that if they continue to pander to the aged fatsos who want free care to cover what they've done with potato chips and chocolate cake, there will be no one solvent enough to pay the medical bills. so premiums will rise. 'course that means the other hmo's'll also benefit, but none are (or were) as beaten down. best of luck with all your investments - and even your speculations (i do it too). Jack

To: Logain Ablar who wrote (105)	6/13/2000 2:30:00 AM
From: jack bittner	Read Replies (2) \| Respond to of 110

Tim, Happens I live on Tims Road, so I have a soft spot for the name. Lehman today valued aet at 83, in view of the rumored price (9 billion = 64+ per share) that ING will offer for aet's non-health business - which aet said they'll either pay us as a cash dividend or use it to buy back stock. . if lehman's right, there's still 10 points left in the stock. about 14% higher than yesterday's close - a return -possibly in cash - that'll be realized in less than a month. i think lehman errs on the low side - but that's just my wishful thinking. we also have on our side bill donaldson, one of the sharpest financiers in the world.