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


To: Kevin Podsiadlik who wrote (1377)6/28/2000 2:16:00 AM
From: brad greene  Read Replies (1) | Respond to of 4155
 
Gary Wendt New CEO?

Kevin,

The Wall Street Journal is now reporting that Gary Wendt, from GE Capital will be the new CEO of Conseco......to be announced tomorrow or Thursday?

I can't begin to explain how positive this event will be....assuming it happens. Wendt built GE Capital into a monster.....and would not have excepted a CEO position with CNC if it were a helpless situation. Wall Street will pound the table should Wendt become CEO.

And estimates show that there are about 54 million shares in short position......almost 27% of the float. It may even be more.

Yikes!......This could be a really interesting stock to watch.......Wendt goes on CNBC and starts talking about what he thinks the value of CNC is.....and this could become a panic in a hurry.

bg