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

To: Tunica Albuginea who wrote (1720)	7/11/2000 3:11:57 AM
From: Cogito	Read Replies (1) \| Respond to of 4155

Tunica - I'm always suspicious of stories in the financial press which contain quotations from unnamed hedge fund managers who have short positions in the stock they're talking about. I don't have a problem with someone who is short making disparaging comments about a stock, but why do they not want their names involved? Any stock that has such a large short interest will get talked down quite a bit in the press. That's for sure. We can expect to see a lot more of this kind of thing. I'm not saying that Gary Wendt can or can not turn Conseco around. I don't know. He has his work cut out for him, certainly. In one way, he has not made things easy for himself by taking this large package up front. It minimizes his personal risk, but it is definitely fear fodder for the shorts. Still, shorts can be wrong. My gut feeling is that you are correct in believing that his reputation is important to him, and thus he probably does believe he can do what needs to be done. Believing and doing, however, are two different things. A most interesting situation. - Allen