8/13/00 – NEWS and REVIEW of CNC Articles and POSTS
Comment for Sunday, Aug. 13, 2000::
Next week the battle between the CNC Shorts and Longs will continue.
Current Short Interest in CNC as of 7/22/2000 is 78,211,523 shares
trading-ideas.com
Jacobs says that shorters are
”sophisticated Wall Street investors
managing other people's money.”
He thinks ” CNC the shares are worth more, “
and blames these Wall Street's hedge funds,
and the high-return investing clubs for the wealthy
for trying to short CNC.
biz.yahoo.com
Message 14204430
Last Friday what was remarkable is that trading was almost halted
In the last 2 hours of trading. Volume was
20000 to 30000 shares per hour which is a minuscule part
of the average daily volume.
This suggests that shorts are having an increasingly difficult time
shorting any more.
Again, the rules to create a short squeeze:
If you own, or just bought CNC stock,
a) ask your broker to take the stock out of Street name, or
b) ask your broker to put a sell price “ good till cancelled “
at let’s say $20 or $30. That will remove it from the short lending pool..
c) or simply ask him to restrict it, ie you don’t want to have it
loaned out for shorting.
A good short squeeze could double the price of CNC to 15.
TA
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$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
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CNC Balance Sheet
conseco.com
CNCRestructuringProgram.com
quicken.com
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CNC CHART & Technical Analysis
CHART
stockcharts.com[L,A]DCCLYYMY[DC][PB10!B20!B30!B50!F][VC60][IUH14,3!LI14,3!LC20!LK14!LA12,26,9]
SI CHART
siliconinvestor.com
MONEY FLOW Stats by Softechie Aug 8, 3000 :
Message 14184790
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MAJOR RECENT ARTICLES ON CNC
====================================
moneynet.com@NEWS-P2&Index=1&HeadlineURL=../News/NewsHeadlines.asp&DISABLE_FORM=&NAVSVC=News\Company
Aug 9 (Reuters) - Conseco Finance, fixed final terms for its 2000-4 series $1.2 billion
nine-tranche asset-backed bond launched on August 4.
Rating Aaa/AAA/AAA
ragingbull.altavista.com
Aug. 9,: A consortium of eight insurance companies has completed a $40.5 million investment in
affordable-housing projects across the state, the first test of an effort to get insurers
to voluntarily invest in community development.
ragingbull.altavista.com
Aug. 4, 2000: Conseco prices senior classes of $1.2 bln ABS deal favorably
ragingbull.altavista.com
Aug. 4, 2000:Conseco Capital Management Names New Co-Portfolio Managers
for Conseco High Yield Fund
ragingbull.altavista.com
Aug. 4, 2000: Dow Jones Newswires
Conseco Promotes From Within After High-Yield Exodus
7/27/00 BUSINESS WIRE:
CONSECO Announces Restructuring Program ,Parts I, II, III & IV , from RB
ragingbull.altavista.com
quicken.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
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VARIOUS CNC INVESTORS
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GABELLI FUND UP 23% has 9% of position in CNC:
messages.yahoo.com
PROFIT VALUE FUND: 4 star Morningstar rating.
In last 3 months has added new position in Conseco,
to make in 8th largest position;
position similar in size to its holding in Berkshire.
messages.yahoo.com
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BROKERS’ and ANALYSTS ‘ OPINION
======================================
8/10/2000Gary Smith from REALMONEY.COM at The StreetCom
puts a buy on CNC with a stop at 7.
Anyway, here are a few charts to look at as you sip your morning Cafe Yukon:
thestreet.com
ragingbull.altavista.com
thestreet.com
8/5/00 S & P raises Outlook to highest, 5 ( on scale 1 to 5 )
messages.yahoo.com
7/30/00 STANDARD AND POOR UPGRADES CNC TO 4 STARS FROM 3 STARS
Message 14133330
Merrill Lynch
7/31/00 messages.yahoo.com
.7/26/00 LEHMAN MAINTAINS OUTPERORM II ON CNC
Message 14109720
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OVERVIEW of CONSECO INSURANCE RATINGS
=========================================
conseco.com
RATING AGENCIES , MOODY’S, S & P etc
========================================
Aug. 11. 2000:Conseco 2000-4 $1.2B Manufactured Hsg Contract P-T Rtd By Fitch
Message 14200638
biz.yahoo.com
Aug. 11, 2000: Fitch Downgrades Conseco Rtgs
biz.yahoo.com
Message 14200576
S & P
============================
www2.marketwatch.com
ragingbull.altavista.com
S&P cuts Conseco Fin status
Aug. 8, 2000--3:18 pm - By Chris Kraeuter
Conseco Finance's credit rating status was revised to "negative" from "developing" by Standard & Poor's. According to a S&P statement, S&P "believes Conseco Finance's creditworthiness is severely limited by a lack of funding flexibility and aggressive leverage." Also, S&P cited its belief that the finance unit will not be sold to a "higher-rated" entity in the foreseeable future. Conseco Finance's ratings were placed on "developing" on March 31. Conseco's (CNC: news, msgs) ratings status was placed on "negative" on April 7. Currently, Conseco shares are down 1/16 to 7 7/8 on volume of 2.8 million shares.
ragingbull.altavista.com
Comment from RB poster on above S & P reports:
messages.yahoo.com
8/9/00 1:58:00 PM : Business WireS&P Places Various Green Tree Cert Rtgs on Watch Neg
The revision in the CreditWatch status reflects the increasing likelihood that
Conseco Finance will not be sold to a higher-rated entity in the foreseeable future.
ragingbull.altavista.com
Comment from RB poster on above S & P reports:
--------------------------------------------------------------------------------------------------------------
MOODY’S
=======================
quote.bloomberg.com
. " While Moody's said it expects the company and its bank lenders to reach a satisfactory agreement,
it said the details of such an agreement and the effects on Conseco's operations remain uncertain.
moodys.com
New York, June 30, 2000 -- Moody's Investors Service has downgraded the credit ratings of
Conseco, Inc. and its affiliates (senior debt rating to Ba3 from Ba1).
moodys.com
New York, April 20, 2000 -- Moody's Investors Service lowered the senior
unsecured debt ratings of Conseco, Inc. and Conseco Finance to Ba1 from Baa3.
MORNINGSTAR/FINANCIAL
============================
messages.yahoo.com
Morningstar grades CNC a B-, for financial health, just slightly below average
for insurance industry and average for universe of stocks.
DALBAR Insurance Rating Web site
================================
Part 1
messages.yahoo.com
Part 2
messages.yahoo.com
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VARIOUS OTHER ISSUES IN CNC:
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ISSUE OF PRODUCING A GIANT SHORT SQUEEZE:
================================================
First, to effect a short squeeze in CNC and see a giant squirt
of cash upwards in your CNC stock:
b) ask your broker to put the stock out of Street name, or
b) ask your broker to put a sell price “ good till cancelled “
at let’s say $40 or $50. That will remove it from the short pool..
c) or simply ask him to restrict it, ie you don’t want to have it
loaned out for shorting.
Aug: 11, 2000:REUTERS: "Liquidator" Jacobs bets on insurer's turnaround
biz.yahoo.com
Message 14172703
CNC in WORTH Magazine via Maverick Capital's Hedge Fund Manager - Lee Ainslie.
Ainslie is a noted short seller who has averaged 24.8% after fees with $5B under management.
He has covered his CNC position: “ I am not going to go
Against somebody of Wendt’s reputation “.
8-1-00 Star Tribune: Neal St. Anthony/On Business:
Jacobs roars, short sellers yawn
startribune.com
7/31/00 J.J. CRAMER FROM TheStreetCom editorializes: “ A great Idea !!!”
ragingbull.altavista.com
7/27/00 IRWIN JACOBS WANTS TO PRODUCE A SHORT SQUEEZE.
……….He puts this Ad in WallStJ. then other papers
messages.yahoo.com
streetmonkey.com
PERSONAL on Irwin Jacobs
IRWIN JACOBS PICTURE : interactive.wsj.com
Angling for Tie-Ins, Irwin Jacobs Took Up Big-Time Bass Fishing
interactive.wsj.com
Message 14204449
An introductory song about short covering:
amazon.com
messages.yahoo.com
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CURRENT SHORT INTEREST as of 7/22/2000 is 78,211,523 shares
trading-ideas.com
Shorting Rules
ragingbull.altavista.com
BOOKS ON SHORTING
========================
(If any one wants to ahead and short some more and make
Mr.Wendt’s Day when the big squeezarooo comes along).
capatcolumbia.com
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” Bad “ Shorting Advice
=====================
“Mr. Pink's Picks: selected event-driven value investments “
in SI Thread, by Mr. P$nk Esq.
Message 14187856
MISCELLANEOUS SHORTING
===============================
CNC Stock Analysis of the day by paulthebigfinn at YAHOO board
messages.yahoo.com
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7/22/2000 ISSUE OF CNC BANKRUPTCY
or of DILUTION of SHAREHOLDER EQUITY
======================================
Part I
messages.yahoo.com.
Part II
messages.yahoo.com.
messages.yahoo.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.
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. ISSUE OF MR.T.LEE'S PREFERRED STOCK
=========================================
messages.yahoo.com
messages.yahoo.com
ISSUE of VALUE of PREFERRED STOCK
======================================
messages.yahoo.com
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LAWSUITS, INTERNET AND CNC
REVIEW OF INTERNET LAWSUITS
Message 14157877
Friday August 4, H-Quotient, Inc., Files Suit Against Alleged Stock Manipulators
Message 14173025
The most recent Lawsuit won by Biometrix
Message 14158321
And just before that New subpoenas on the way
biz.yahoo.com
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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
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MISCELLANEOUS
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MISCELLANEWS CNC NEWS
August 11, 2000: Dow Jones News: Conseco Preferred gains in NYSE
Message 14204249
August 11, 2000: Dow Jones News:
CNC FLEXIBLE PORTFOLIO MUTUAL FUNDS TOP PERFORMANCE
Message 14204221
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WHY I INVEST IN CONSECO
ragingbull.altavista.com
.WHAT IS CNC REALLY WORTH?
View from a competitor Mr>Nauert, CEO of CERES:
starnews.com
A note from RB about who Nauert is:
ragingbull.altavista.com
WHO IS GARY WENDT
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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 ON GARY WENDT
=======================================================
.
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
WENDT'S BUSINESS CARD
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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
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TA |
