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


To: J.L. who wrote (1610)7/6/2000 12:46:34 PM
From: Softechie  Read Replies (3) | Respond to of 4155
 
Let it have another down day and buy tomorrow afternoon.



To: J.L. who wrote (1610)7/6/2000 1:23:05 PM
From: Tunica Albuginea  Respond to of 4155
 
J.L. I think you may be right. Looking back at today's action:

- another sell off early AM to 11 AM
- Then my charts show accumulation and + money flow
starting @ 11 AM.
- I then watched the stock hang around 8 7/8.

Now 8 7/8 - 8 5/8 is important because that's where
we had large accumulation in April:
Specifically,
April 5 Volume 15.3 mill closed 8.5
April 10, vol. 13.5 mill closed 8.6
A lot of accumulat. occurred in those days.
So there is support there.

It seems to have held.

It is possible that today's sell was the mo-mo crowd
cutting their losses to 15% off the high of 11.

Merrill has a neutral 3-3 opininion on it.
They have 2000 earnings at $1.45 ,the street has it at 1.57.
So a $9 stock making $1.45 is not bad. You could have bought a dot com .

Here is what I like:

Managed assets: $98.6 billion !!! and growing every year
and
nicely growing employee base
conseco.com

By comparison, Schwab's are ~ 350 bill and Merrill's are 650 bill.

I think that is what got Wendt's attention.
He will leverage those assets as he did at GE Capital.

I agree with you.
Selling may be over: time to go back in?
Yes; thinking of buying back my original position,

TA
.

conseco.com



Year ended December 1999


Managed assets: $98.6 billion


Operating earnings: $1,068.0 million
Operating earnings per share (diluted): $3.21
Employee associates at year end: 17,187

Year ended December 1998
Managed assets: $87.2 billion
Operating earnings: $1,046.3 million
Operating earnings per share (diluted): $3.15
Employee associates at year end: 13,954

Year ended December 1997
Managed assets: $70.3 billion
Operating earnings: $991.8 million
Operating earnings per share (diluted): $2.46
Employee associates at year end: 12,654

Year ended December 1996
Managed assets: $59.1 billion
Operating earnings: $467.5 million
Operating earnings per share (diluted): $1.64
Employee associates at year end: 7,768

Year ended December 1995
Managed assets: $42.7 billion
Operating earnings: $381.8 million
Operating earnings per share (diluted): $1.64
Employee associates at year end: 6,061

Year ended December 1994
Managed assets: $32.8 billion
Operating earnings: $331.8 million
Operating earnings per share (diluted): $1.33
Employee associates at year end: 5,708


=======================================================

Message #1610 from J.L. at Jul 6, 2000 10:12 AM
I hereby announce that the selling is over. 12:32 pm est $8 15/16.

Let the buying begin.