Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?

To: Jibacoa who wrote (23556)	1/23/2001 10:36:52 AM
From: Jibacoa	Read Replies (1) \| Respond to of 29382

CNC: Has continued to move well since Dec. It should close above the Jan. H today. The new chairman,Gary Wendt, keeps making optimistic reports to shareholders. This is the latest one: I've changed the word ``turnaround'' to ``NEW Conseco'' to indicate the building process that is now well underway. Don't get the idea that we are finished turning Conseco around. It is true that we are accomplishing all of the goals of our Restoration Plan. It is true that the company is out of financial danger. And it is true that we have made enormous progress in the last six months. But the ``turnaround'' attitude will remain in our minds for some time. We remain well ahead of schedule on our asset sale / debt reduction program. With 11 months to go, we are 85% of the way toward raising the cash to retire $2 billion in debt. We have more than enough cash or contracts in hand to meet our June public debt payment. And we hope to announce further progress in the next few weeks.