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


To: Tunica Albuginea who wrote (2125)8/1/2000 4:38:08 PM
From: Tunica Albuginea  Read Replies (4) | Respond to of 4155
 
REVIEW OF RECENT ARTICLES AND EVENTS ON CNC on( 8–1-00)
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.
EDITORIAL

August 1, 2000, 16:37 hours.

----------------------------

CNC seems to be stabilizing at ~ 8. Yesterday it was down to 7 7/8 for
Exactly 60 seconds with 35000 shares trade. At the speed of 35000shares
At 7 7/8 for only 1 minute a day it will take
64,000,000 divided by 35000 = 1800 days or about 5 years to cover.
Correct:

5 years to cover 64 mill Shorts at 7 7/8 for 1 minute a day!!

Incidentally the bid/ask at that time was a big 640 to 20.
messages.yahoo.com
And a picture of the 60 second dump to 7 7/8
messages.yahoo.com

Finally The Most Significant post continues to remain the insightful one, on 7/31/00,
By oldparadigm_2000
At YHOO
messages.yahoo.com

who said

ever since conference call...There is less and less talk about bankruptcy (after Wendt said it aint happenin) and most of the negative analysts and posts are talking about reduced earnings next few qtrs or the possibility of an additional charge. It pleases me that the tone of the discussion has changed from "absolutely going bankrupt" to "Well the earnings are going to be less" Even JJC (longtime cnc bear) has changed his opinion due to recent events. Everyone should read the article (post 62453) It is surprisingly candid about his reasons for covering.

8 – 01 – 00 CNC High 8 3/16, low 7 7/8.
Vol coming down 3. mill.
Up 1/16
Volume is slowing from 7 mill the last several days,

TA

$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$

MAJOR RECENT ARTICLES ON CNC

^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^

7/27/00 BUSINESS WIRE:
CONSECO Announces Restructuring Program ,Parts I, II, III & IV , from RB
ragingbull.altavista.com

DOW JONES NEWSWIRE 7/27/00:COMPLETE EPS REPORT
1: dowjones.work.com
2: dowjones.work.com
3: dowjones.work.com

7/24/00 BLOOMBERG: WENDT GETS RID OF LEOPARD CHAIR AND
.......PROTECTS SHAREHOLDER EQUITY:

quote.bloomberg.com

. 7/19/2000 WENDT HIRES Ex-GE CRISIS TEAM

biz.yahoo.com

7/12/2000 20 MILLION PAID TO HIRE WENDT
Wendt gets 45 mill less than if he had stayed at the Golf Course and got paid
by GE to non - compete and do nothing. GE gets 10 mill CNC shares,
will make another killing.

messages.yahoo.com

6/30/2000 WENDT BACK FROM HONEYMOON
messages.yahoo.com

VARIOUS OTHER ISSUES IN CNC:

ISSUE OF PRODUCING A GIANT SHORT SQUEEZE:

7/27/00 IRWIN JACOBS WANTS TO PRODUCE A SHORT SQUEEZE.
……….He puts this Ad in WallStJ. then other papers
messages.yahoo.com

streetmonkey.com

. 7/29/00 Star Tribune:CNC earnings report and Irwin Jacobs Short Squeeze bid
ragingbull.altavista.com

7/30/00 Indianapolis Star :Conseco investor's ad aims to help stock
. starnews.com

7/31/00 J.J. CRAMER FROM TheStreetCom editorializes: “ A great Idea !!!”
ragingbull.altavista.com

8-1-00 Star Tribune: Neal St. Anthony/On Business:
Jacobs roars, short sellers yawn
startribune.com

. Meanwhile, CURRENT SHORT INTEREST as of 7/22/2000 is 64,000,000 shares
messages.yahoo.com
messages.yahoo.com

Shorting Rules
ragingbull.altavista.com

BOOKS ON SHORTING
(If any one wants to ahead and short some more and make
Mr.Wendt’s Day ).
capatcolumbia.com

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

7/28/00 :ISSUE of FABER CNBC REPORT & CONTROVERSY
( ie that Wendt is going to dilute shareholder equity ).
ragingbull.altavista.com

7/29/00 reply by ta to FABER Report: CNBC FABER is either LYING or MISINFORMED
messages.yahoo.com

7/24/00 Cnet : ''We're not going to be diluting shareholder value at ridiculously low prices,'' Wndt said.
cnetinvestor.com
messages.yahoo.com

7/31/00 FABER CORRECTS HIMSELF: “ CNC WILL N O T ISSUE ANY N E W EQUITY “.
boards.cnbc.com

Thank you Mr. FABER.

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

ISSUE OF BANKRUPTCY 7/22/2000
Part I
messages.yahoo.com.

Part II
messages.yahoo.com.

messages.yahoo.com.

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~.

.
ISSUE OF MR.T.LEE'S PREFERRED STOCK
messages.yahoo.com
messages.yahoo.com

BROKERS OPINION

7/30/00 STANDARD AND POOR UPGRADES CNC TO 4 STARS FROM 3 STARS
Message 14133330

Merrill Lynch
7/31/00http://messages.yahoo.com/bbs?.mm=FN&action=m&board=7081488&tid=cnc&sid=7081488&mid=62518

.7/26/00 LEHMAN MAINTAINS OUTPERORM II ON CNC
Message 14109720


CNC CHART
~~~~~~~~~~~~~~~~~~~
stockcharts.com[L,A]DCCLYYMY[PB10!B20!B50!C20!F][VC60][IUH14,3!LI14,3!LC20!LK14]

.

VARIOUS NEWSPAPER ARTICLES
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

7/29/00: Indianapolis Star Tribune Observers expect more cutbacks by Conseco
startribune.com

NEGATIVE ARTICLES ON CNC

7/27/00 TheStreetCom: Herb's Hotline: Oversight by Conseco?
thestreet.com
7/10/00 TheStreetCom: Conseco Sets Rich Pay Package for New CEO, By Peter Eavis Message 14023449
7/11/00 Herb's Hotline: Will These Conseco Capers Never Cease?
By Herb Greenberg thestreet.com
&/14/00 Bloomberg :Conseco Outdoes Itself in Piling Gifts on Wendt:
by Graef Crystal
ragingbull.altavista.com
7/31/00 Warburg initiates coverage with hold;
messages.yahoo.com
7/31/00WSJ Colin Devine from Smith Barney is worried about CNC
messages.yahoo.com messages.yahoo.com 488&mid=62505

MAGAZINE ARTICLES ON GARY WENDT

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Aug. 7, 2000 :BUSINESS WEEK

ragingbull.altavista.com

My comments on Business Week Article: Music…Music…Music..

Message 14127197

.
.
1997 FORBES/GECAPITAL: " BLOWING BUBBLES "
forbes.com

.

PREVIOUS REVIEW POSTS
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
.
.
July 5, 2000: REVIEW OF GARY WELCH LIFE AND ARTICLES
Message 13993832

.
July 10, 2000: W S J : GE Capital’s Wendt: " A BRUTAL NEGOTIATOR "
Message 14023303

MISCELLANOUS

~~~~~~~~~~~~~~~~~~~~~~~

CONSECO INSURANCE RATIGS
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
conseco.com

WENDT'S BUSINESS CARD

~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Here's Wendt's business card when he goes to the Bank to ask for money:

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

I am responsible for 38% of GE's net income:

GE’s profit has come increasingly from Financial Services
That’s GECapital, the company I run, at GE:

businessweek.com

And here how I compare with the giants:
Revenues
quicken.com
Cash Flow
quicken.com
Net Income
quicken.com

GARY WENDT

Looks pretty good ,

Eeh? No?

vbg

TA