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


To: donjuan_demarco who wrote (3120)9/25/2000 9:04:09 AM
From: CAtechTrader  Respond to of 4155
 
Only problem Herb is that the underlying businesses are good... CNC's problems always were the structure of the debt at the holding company level and that is on the mend. The business at the subsidiary level is thriving. Another reason thestreet.com is in the toilet, they don't do their homework before writing blurbs to help their short hedge fund friends. Good luck donjuan grasping at this straw.



To: donjuan_demarco who wrote (3120)9/25/2000 9:50:05 AM
From: Kevin Podsiadlik  Read Replies (1) | Respond to of 4155
 
I'll be honest: I expected a lot worse this AM. With the basic (positive) news out with none of the potentially negative details, apart from the dividend suspension, I thought for sure there'd be a mad rush in here by the not-so-smart money. So far, nothing. And if I'm surprised by the lack of follow through here I can only wonder what must be going through the hangover-ridden longs' minds right now.

Though it is possible I'm underestimating the effect of the dividend suspension. That will effectively remove CNC from some mechanical screens with a high-yield component.