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


To: AK2004 who wrote (2498)8/21/2000 7:44:07 PM
From: Kevin Podsiadlik  Read Replies (1) | Respond to of 4155
 
After I imposed a series of not-very-demanding statistical tests (price-earnings ratio less than 20, price-book ratio of 3 or less, price-sales ratio of 3 or less, and long-term debt less than stockholders' equity)

I'll give Dorfman the benefit of the doubt that he did his calculations without the benefit of the CNC's most recent 10-Q, but under the current figures CNC does not pass the last of those tests listed above -- not even close.

From Market Guide, long-term debt (a figure not specifically quantified in the 10-Q itself) is listed as $18.4439B, while the 10-Q itself lists shareholder equity as $4.9124B.

It's possible Dorfman figures LTD (very) differently from Market Guide, but it still remains that debt-to-equity is much, much higher for CNC than any of its major competitors. See: #reply-14008664



To: AK2004 who wrote (2498)8/21/2000 8:26:32 PM
From: oldirtybastard  Read Replies (1) | Respond to of 4155
 
Dorfman seems to not really know what it is that he thinks:

...and that chief executive Stephen Hilbert's pay is excessive.''

I guess he has no beef with Wendt's compensation package? Or do "Rotweillers", as Tuna affectionately calls the man he is giving away his money to, get paid more by their very nature?