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

To: Kevin Podsiadlik who wrote (3211)	9/26/2000 11:30:35 AM
From: AK2004	Read Replies (1) \| Respond to of 4155

Keven did I claim anything but..... One of us is loosing it and checked my old post and it's not me :-)) are you that nervous about your shorts? Regards -Albert <edited>ps what do they say about the heat?

To: Kevin Podsiadlik who wrote (3211)	9/26/2000 11:31:45 AM
From: donjuan_demarco	Read Replies (1) \| Respond to of 4155

Kevin, someone on another board brought up a very good point. CNC just paid off a bunch of debt ($700m?), which should result in a decrease in interest expense of about 60m per year. Yet, Wendt says that interest expense will actually be increasing by 35m per year. So, either CNC is borrowing more money, or the restructuring is going to cost CNC 95m per year. That's without taking into account any warrants issued or any fees paid to Lehman.