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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (81476)	6/6/2000 7:06:00 PM
From: epicure	Respond to of 132070

Thanks for your opinion. CNC looked like a gamble to me- but that's what makes it interesting.

To: Knighty Tin who wrote (81476)	6/6/2000 10:59:00 PM
From: Spekulatius	Read Replies (1) \| Respond to of 132070

ATT - I do not share your opinion on T. I think T is quite a bargain with a PE of less than 20 for next year. An this is after the dilution due to the MediaOne purchase. Cash earnings are about 15% higher than that. T is definitely an example where the pieces are much more worth than the whole enchilada. The market cap after the MediaOne purchase will be about 170B$, for that you get 85% of AWE (60B$), 25% of TWX (30B$), a mature LD business (?$), the biggest cable network,programming assets, stakes in ATHM, the DATA and Internet hosting business etc. ATT certainly has problems in the eroding LD business, but as the relative Size of this business shrinks, the growth in the other parts will become apparent.

To: Knighty Tin who wrote (81476)	6/7/2000 2:04:00 AM
From: Spekulatius	Read Replies (1) \| Respond to of 132070

Conseco is leveraged to the hilt. 45B$ total on the balance sheet but only 5B$ in shareholder equity. This looks much like REL - they have been bought up also. Highly leveraged insurance companies are not a good takeover play. The buyer has to take into account the huge risk of cooked books and the liabilities and if a takeover happens, the shareholder will in most cases not get anything. Mike, do you have a weakness for debt ridden companies? Conseco and Federal Mogul are cheap for a good reason, IMHO