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

To: Sr K who wrote (4079)	10/20/2001 8:16:15 AM
From: Softechie	Respond to of 4155

Bonds pricing: B3 CCC 100 Conseco Fi 10.250 06-01-2002 26.562 NC 91.375 B1 B+ 100 Conseco In 8.500 10-15-2002 22.414 NC 88.375 B1 B+ 100 Conseco In 8.500 10-15-2002 29.298 NC 83.375 B1 B+ 200 Conseco In 6.400 02-10-2003 19.079 NC 86.000 B1 B+ 100 Conseco In 6.400 02-10-2003 30.830 NC 75.375 B1 B+ 500 Conseco In 6.400 02-10-2003 24.889 NC 80.500 B1 B+ 13 Conseco In 6.400 02-10-2003 30.678 NC 75.500 B1 B+ 300 10 Conseco In 6.400 02-10-2003 19.585 NC 85.500 B1 B+ 23 10 Conseco In 8.125 02-15-2003 20.664 NC 86.188 B1 B+ 100 Conseco In 8.750 02-09-2004 32.658 NC 63.313 B1 B+ 100 Conseco In 8.750 02-09-2004 31.785 NC 64.313 B1 B+ 100 Conseco In 8.750 02-09-2004 31.785 NC 64.313 B1 B+ 100 Conseco In 6.800 06-15-2005 20.681 NC 65.625 B1 B+ 250 Conseco In 9.000 10-15-2006 21.625 NC 62.625 B1 B+ 100 Conseco In 9.000 10-15-2006 21.625 NC 62.625 B1 B+ 100 Conseco In 9.000 10-15-2006 21.625 NC 62.625 B1 B+ 285 Conseco In 9.000 10-15-2006 21.170 NC 63.625 B1 B+ 50 Conseco In 9.000 10-15-2006 21.142 NC 63.688 B1 B+ 100 Conseco In 10.750 06-15-2008C 21.534 MAT 62.750 B1 B+ 225 Conseco In 10.750 06-15-2008C 21.534 MAT 62.750 B1 B+ 100 Conseco In 10.750 06-15-2008C 20.347 MAT 65.813 B1 B+ 45 Conseco In 10.750 06-15-2008C 21.089 MAT 63.875 Caa CCC+ 100 Conseco Fi 8.700 11-15-2026 21.492 NC 40.813

To: Sr K who wrote (4079)	10/20/2001 2:51:42 PM
From: Cogito	Read Replies (1) \| Respond to of 4155

>>Before you buy, make sure you know where the bonds are trading. This looks much lower, and even then, then bonds look like a better play ... maybe. << Sr K - A good point. Funny you should mention bonds, too, because I bought some CNC bonds (CNC-H) a couple of years ago for an aged relative's income account. They were paying out at more than 9%, and it seemed like a good choice. Today the face value of those bonds is around 65% of what it was when I bought them. Earlier this year it was less than 50%. But I haven't sold them because they still pay the same quarterly interest payment amount. That is, the quarterly amount is the same, but relative to the face value of the bonds, the interest rate is now much higher. Over 16%, currently. I can't sell them, because I can't buy anything with that amount of cash that would provide that much income for the Aged R. Hadn't thought about trading the bonds, but it might not be a bad idea. Their 52 week low is 11.56 and the high is 23.20. They recover quite nicely whenever things are looking good for CNC. Since they do pay 9.44% interest, it's a low risk investment. If you buy them and they drop in value, you can hold and still get close to a 10% annual return. That is, as long as the company remains solvent. - Allen PS: I've never bought CNC common, but I'm thinking about it now.