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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments -- Ignore unavailable to you. Want to Upgrade?

To: Mr. Pink who wrote (14226)	10/3/2000 4:21:47 PM
From: StockDung	Respond to of 18998

Down goes the thumb of P$nk on CNC All hail Mr. P$nk, Hail, Hail! All hail Mr. P$nk, Hail, Hail! All hail Mr. P$nk Godfather of the Internet

To: Mr. Pink who wrote (14226)	10/3/2000 8:17:38 PM
From: Ben Wa	Respond to of 18998

An extra helping of kim-chee from my friends Korean restaurant for Meester Pink. Beef Chow Fun will always be free for Mr. Pink when he dines with me.

To: Mr. Pink who wrote (14226)	10/3/2000 8:49:05 PM
From: F. Lynn	Read Replies (2) \| Respond to of 18998

For those Pinkophiles interested in short ideas and aware that the high-yield market can be a highly effective leading indicator of equity prices: Consider Royal Cruise Lines. bonds with 7-8 nominal yield are trading around 9.5% YTM. debt is 67% of capital, leaving company little breathing room as competition with caribbean heats up- caribbean has a clean balance sheet. supply in the industry is growing at 16%, faster than demand, and big new boats are coming on line in the next few years. pricing will plummet, according to sources, who note that travel agents already report record discounting. competitor Premier Cruise Lines, a private company, was seized by lender DLJ. RCL at 25, could be a hat size in 18 months.

To: Mr. Pink who wrote (14226)	10/4/2000 10:44:34 AM
From: StockDung	Respond to of 18998

All Hail P$nk-->Conseco Shares Tumble Amid Investor Concern About Debt Carmel, Indiana, Oct. 3 (Bloomberg) -- Conseco Inc. shares fell more than 8 percent, continuing last week's slide amid continued concern about the insurer's heavy debt load. Conseco shares fell 63 cents to 7 in New York trading, leaving the Carmel, Indiana based company down 61 percent for the year and 26 percent since it announced an agreement with its banks to restructure its debt on Sept. 22. While the debt pact gave Conseco more time to repay more than $2 billion of debt, analysts say investors are concerned about debt covenants agreed to by the company. One such covenant would put the insurer into default if it does not regain its ``A-'' rating from credit rating agency A.M. Best Co. by March 31, 2001. Best cut Conseco's rating to ``B++'' in June. Following the debt agreement last week, the rating agency raised its outlook on Conseco to ``developing'' from ``negative.'' ``We'll get it back well before'' March 2001, Conseco Chairman Gary Wendt said last week in an interview following an analysts' meeting in New York. Analysts remain skeptical, however, and say investors are steering clear of Conseco in favor of other insurers who stand to benefit from strong sales of annuities and other investment products. ``You're just not getting paid for investing in Conseco versus the other options in the life insurance group,'' said Colin Devine, an analyst at Salomon Smith Barney Inc. With so much uncertainty about Conseco's future earnings, the stock does not look appealing relative to rivals such as Nationwide Financial Services and Lincoln National Corp., Devine said. National Financial shares have gained 38 percent this year, while Lincoln National has gained 19 percent. Oct/03/2000 17:56 ET For more stories from Bloomberg News, click here. (C) Copyright 2000 Bloomberg L.P. .....