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

To: AK2004 who wrote (3448)	10/7/2000 2:13:47 PM
From: AustinPowersIII	Read Replies (1) \| Respond to of 4155

RUMOR "cnc" TO EXPAND IN JAPAN! + POST FROM CNBC BOARDS. If you haven't already seen it, PEAVIS at The street.com did ANOTHER article about what he said in his last Conseco article which claimed that Conseco was not going to make cash for quite a while. In the "new" article, PEAVIS(his e-mail name) states that the figures were wrong. Furthermore,he blames Conseco for not correcting the figures. What a b - as- ta- rd!!! If anyone doubted the motives or credibility of Irwin Jacobs or his statements regarding Conseco, they'd better think again. He was 100% correct in describing the blunders at the Street.com, even the details about PEAVIS blaming someone else(the IR guy at Conseco, it turns out).EVERYTHING Jacobs has said to date regarding Conseco has materialized.Additionally, he has put his money where his mouth is. Judging from the statements made by Conseco in their conversations with PEAVIS, Wendt and Conseco apparently aren't giving earnings guidance anymore. I think it's great. Street guidance is a waste of time and nonsensical. Warren Buffett never gave guidance,either. And he turned $19 of Berkshire Hathaway book value in 1965 into $40,000 of book value today. Boo to the analysts. Conseco shouldn't even talk to them. Make them buy the stock on the same basis like everyone else. Let them find out the hard way, when the stock is selling at 2X or 3X book value($36 or $54 if you're curious). Don't let the naysayers dissuade you. Don't believe me, either. You don't even know who I am.Trust the numbers. If you(or anyone) needs proof of the viability of Conseco, go to the source: www.sec.gov (Securities and Exchange Commission) Read the filings. Read the numbers. Decide for yourselves. IRWIN JACOBS POURED OVER THE NUMBERS FOR WEEKS BEFORE HE DECIDED TO BUY IN. Short sellers and naysayers can say anything they want.They can drive Conseco down to $1. But it still has $18 of book value, and alot more intrinsic value. They can talk it down all they want,even here, I don't really care. But they can't keep shorting shares forever. And they can't talk it down without solid facts to back up their statements forever, either.Sooner or later, they lose credibility. The proof will be in the numbers!!! :)