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

To: donjuan_demarco who wrote (2379)	8/14/2000 4:09:32 PM
From: F. Lynn	Respond to of 4155

C'mon, donjuan: you know as well as I do that all that bad news is already priced into the stock. All CNC needs now is a little bit of good news and the stock will SOAR! causing shorts to COVER! Maybe if they announce they are only writing off 65% of the I/Os instead of 100% the stock will go to 20. In the meantime, please let Prince Albert out of his can.

To: donjuan_demarco who wrote (2379)	8/14/2000 4:13:08 PM
From: BWAC	Read Replies (1) \| Respond to of 4155

"<(2) after you take out intangibles it has no book value," Incorrect.

To: donjuan_demarco who wrote (2379)	8/14/2000 5:22:16 PM
From: AK2004	Read Replies (1) \| Respond to of 4155

Well, Donjuan , my dear subject very simple fact is that if high rated company would buy cnc as it is now then the value added would be in the ballpark of 2x to 4x of current cnc market cap. company is hurting now, no doubt about it. And the maturing debt is a problem because of the current cost of capital for cnc. I am not exactly sure where "subs stuffed with junk" coming from because I do not believe subs would have sufficient required surplus but if they do then the company is in much better shape than I expected :-)) Regards -Albert