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

To: Tunica Albuginea who wrote (3773)	11/15/2000 3:27:15 PM
From: Tunica Albuginea	Read Replies (2) \| Respond to of 4155

<font color=red>Nov. 15, 2000 COMPLETE CNC NEWS , REVIEWS & COMMENTARY Today we had the WSJ Argosy article. Is it fortuitous that this article came out just before CNC is about to reach a major upper resistance level of 9.25 - 9.75? stockcharts.com[M,A]DACLYYMY[PB10!B20!B30!B50!B200][VC60][IUB14!LA12,26,9!LC20!LF!LG!LI14,3!LH14,3!LL14!LM12] No.It is not. Rather, I think that Big Shorty is afraid that if CNC breaks upper resistance at 9.25-9.75, it will then attack the next level, 11.75. And if it breaks that, then we are talking 15. And if all this happens FAST, BEFORE they have time to cover their shorts then they are chicken-feed. So we get today an old rehashed story, totally mis-investigated, old rehashed news. I thought of pulling together the best comments: First the original article WSJ Article About the Argosy Dispute: ragingbull.altavista.com Then some insightful comments from RB boards: ragingbull.altavista.com By: bigwahoo $$ Nice to see Mr. Lubbers of CNC continue to affirm company policy of building Shareholder value. Apparently,Mr. Hallinan (WSJ) is unfamiliar with this concept.An experienced and skilled manager - GW - is totally familiar and capable of solving this problem. Applause for CNC management that is aware and concerned that shareholders are not abused but rewarded by performance. This squabble about valuation will not derail the CNC train. Why doesn't Mr. Hallinan draw the final inferred conclusion? THE STOCK PRICE ALREADY DISCOUNTED HIS SCOOP!!! As is usually said" old news around the pit!" ragingbull.altavista.com jegbrown $$$$ WSJ's alarmist statement about difficulty in raising needed cash to pay off the bankers is simplistic and naive at best. As long as operations continue to improve for CNC there will be no problem in rolling over the loans or in securing financing from other sources until the casino sale is finalized. Secondly, Argosy is at risk as much as CNC is in this transaction. As described by you, Argosy agreed to an appraisal procedure where all three appraisals at the end could be averaged to arrive at a final valuation to be used as the sales price. They (Argosy) were stupid in agreeing to such an appraisal procedure which gives CNC the right to select their own appraiser who could come in with a high valuation knowing that it will be averaged. A wiser approach from Argosy's viewpoint, if the initial two appraisals were more than 10% apart, would have been for the two appraisers to select a third appraiser who then makes a final determination as to value -- not to average all three appraisals--which would be binding on all parties. ragingbull.altavista.com By birdofprey $$$ Random shot in the dark, But CNC will sell it's stake in Argosy for ~290mil. That is roughly the average between the two existing estimates and the most likely spot where the third appraisal will fall, given that the appraiser will know the existing numbers going in. I wouldn't be surprised if Wendt gets this before March 2001. ragingbull.altavista.com By: TIN-Woodykelly $$ You are so right about reporters. It seems like this old news was floated to buy time for the shorts and all the borrowed shares. If it was meant as a cruise missle, it went off like a firecracker. How about the prospect of future earnings guidance or other news helping cnc's future? My guess is that Wendt will soon have a real cruise missle of his own to fire at the shorts. Only this one will do more than scare a few small,inexperienced investors. TA $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$ CNC NEWS, REVIEW, FUNDAMENTAL DATA AND COOL LINKS $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$ ALL CONSECO ARTICLES since JULY 2000 when WENDT came aboard 11-15-00:WSJ Article About the Argosy Dispute: ragingbull.altavista.com BW: Nov. 9,2000: Conseco Finance Announces Multi-Year Contract With Menards biz.yahoo.com Tuesday November 7, 1:37 pm : A.M. Best Upgrades Conseco Inc.'s Principal Life Insurance Subsidiaries biz.yahoo.com Nov. 7, 2000 A.M.Best Upgrade CBSMarketWatch A.M. Best upgrade. www2.marketwatch.com{D9A03364-250A-43EE-B39C-48E0E74EFE57} Nov.7,2000: CBS www2.marketwatch.com CNC gets debt upgrade --1:02 pm - By Michael Baron Conseco (CNC: news, msgs) is jumping $1.50, or 21.6 percent, to $8.44, after A.M. Best raised the debt rating on the Carmel, Ind., financial services firm's insurance units to 'A-' from 'B++' and removed them from 'under review' status. Michael Sheldon, an analyst with Spencer Clarke LLC, said this event represents a significant strategic positive for the company. "This reassures investors that management is taking the right steps to make the company competitive and profitable in the marketplace," said Sheldon, who has a "hold" rating on Conseco with a price range target of $10 to $15. "I believe the stock could move several dollars higher in the next few months as investors come to terms with this news." Message 14723848 WHO IS GARY WENDT ********************* Message 14723560 CONSECO FUNDAMENTAL DATA AND COOL LINKS ============================================= Message 14723456 NICE site to get IMMEDIATE NEWS FROM DOWJONES ============================================= quicken.excite.com BROKERS & FUNDS RATING & buying CONSECO =============================================== Message 14723320 CONSECO INSURANCE RATINGS =============================== Message 14723220 BUSINESS PROSPECTS IN CONSECO: ============================== BW: Nov. 9,2000: Conseco Finance Announces Multi-Year Contract With Menards biz.yahoo.com Message 14723085 CNC Preferred Stock and Bonds ============================ Message 14722931 IRWIN JACOBS and CNC SHORT SQUEEZE: ===================================== Message 14722401 CNC Longs amusement Park Message 14445597 Why Wendt took job at CNC and SALARY discussion ========================================== Message 14722571 MISCELLANEOUS $$$$$$$$$$$ ISSUE OF CNC potential for BANKRUPTCY ======================================== Message 14721647 WHY I INVEST IN CONSECO ========================== ragingbull.altavista.com moneycentral.msn.com RUMORS =========== Nov. 2, 2000: ALLIANZ to buy CNC? messages.yahoo.com siliconinvestor.com Sep 21, 2000 AIG to buy CNC and install Wendt as CEO? Message 14426456 EQUIPMENT used to post <vbg> : ========== Message 14721259 CNC INVESTMENT DISCLAIMER FOR DUMMIES : ======================================= Message 14721315 Note: If you click on my last post it will take you to my very first post 2 months ago. TA