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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments -- Ignore unavailable to you. Want to Upgrade?

To: Mr. Pink who wrote (13768)	7/27/2000 7:23:32 AM
From: hovesh07	Read Replies (1) \| Respond to of 18998

AGX answers. Thanks! Your Pinkness wrote: will work one day but don't know when. Does this mean that: 1) They are a buyout candidate? 2) I should put it away for five years? Also, your predictions for GBT, please. I bought at 17 on the way up and now we're under $12. Is this my punishment for being a chazer and not selling at $27? And finally, I realize that you're busy setting up CNC for kaddish-time, but can you give your minions some info on your older picks like AKRN, MERCS, PCOM (formerly PCMS), UCOMA, TRIH? Many thanks, TheMedic

To: Mr. Pink who wrote (13768)	7/27/2000 8:02:59 PM
From: StockDung	Read Replies (1) \| Respond to of 18998

Conseco To Cut 2000 Jobs Insurer Also Posts Operating Loss From Bloomberg News CARMEL, Ind. (July 27) -- Conseco Inc. said it will cut 2000 jobs at its troubled finance unit, 11 percent of the company's total, to cut costs in new chief executive Gary Wendt's first moves to turn around the beleaguered insurer. The Carmel, Indiana-based insurer, whose shares have fallen 48 percent this year, said it will close five business lines at Conseco Finance in an effort to slash costs by $150 million. Conseco also reported an operating loss, which excludes realized capital gains, of $28.6 million, or 9 cents a share, versus profit from operations of $277.2 million a year ago. The losses was driven by more than $304.7 million in charges tied a change in its senior management and write downs in its consumer-finance unit. The quarterly loss was the first for Conseco since 1994. Analysts said it was not surprising given the special charges the company was obliged to take. ``The results were within our expectations though our expectations weren't all that high,'' said Larry G. Mayewski, a senior vice president at A.M. Best. Conseco shares rose sharply prior to the earnings report, gaining 7/8 to 8 3/4. In after-hours trading, the shares climbed further to 9 3/8. Jul/27/2000 17:09 ET For more stories from Bloomberg News, click here. (C) Copyright 2000 Bloomberg L.P.