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

To: AK2004 who wrote (3434)	10/6/2000 5:50:12 PM
From: F. Lynn	Read Replies (1) \| Respond to of 4155

Shareholder's equity DOES NOT equal (price) * (# of shares). (Price) * (# of shares) = market capitalization. Shareholders equity = (Equity) / (# of shares). The equity number is on the balance sheet, and has nothing to do with share price. Kevin is referring to TANGIBLE EQUITY Per Share, which is equal to: ((Equity)-(Goodwill))/ (# of shares) This number is important for distressed companies because it serves as a proxy for share value IF THE COMPANY IS LIQUIDATED. it's just common sense:if the company is liquidated the shareholders will receive the proceeds from the sale of assets LESS the payment of debt. if tangible value per share is $3, and it is, and the market price is $6 something, and it is, it suggests that in the event of a liquidation or reorganization shareholders will be very disappointed in their returns. time to review your financial statement analysis.

To: AK2004 who wrote (3434)	10/6/2000 5:51:18 PM
From: Kevin Podsiadlik	Read Replies (1) \| Respond to of 4155

Shareholder's equity is the [price] [# of shares]* Uh, nnnnno, I think that's called "market cap". Or you reading from the Softechie financial glossary wherein he calls "money flow" what most people call "volume by price" and he calls "stock analysis" what we call "corn"? So how about those ABSs? Just press down as firmly as you can, resisting any temptation to pump. It'll feel shaky, but that's the system doing the pumping for you. That's about all you need to know. And I'm outta here, see you Monday!