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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments -- Ignore unavailable to you. Want to Upgrade?

To: Mr. Pink who wrote (16321)	2/22/2002 2:42:09 AM
From: Mad2	Respond to of 18998

Lotta double talk lately, but $1.24 billion in obligations come due this year. mad2

To: Mr. Pink who wrote (16321)	3/6/2002 9:19:05 PM
From: Mad2	Respond to of 18998

Looks like Mr. Chokel just place his vote, with his feet. Triggered by Moody's warning Milberg Weiss should find Gary's letters quite interesting. mad2 biz.yahoo.com Wednesday March 6, 2:29 pm Eastern Time Conseco CFO resigns as firm faces debts, downgrade INDIANAPOLIS, March 6 (Reuters) - Conseco Inc. (NYSE:CNC - news) said on Wednesday its Chief Financial Officer resigned after only a year in the job, as the insurance and loan firm struggles with debts and faces a possible downgrade from a rating agency. Conseco said Chuck Chokel, CFO since March last year, is leaving to pursue other interests. He will be replaced in the short term by Conseco president and chief operating officer Bill Shea, until a new permanent CFO is appointed. Conseco, straining under a $6 billion debt load, saw its shares tumble on Wednesday after Moody's Investors Service warned it may slash the company's credit ratings unless it demonstrates this month that it can generate sufficient cash. Conseco shares were trading down 71 cents, or 16 percent, at $3.71 on the New York Stock Exchange by mid-afternoon.

To: Mr. Pink who wrote (16321)	3/7/2002 11:53:40 PM
From: Mad2	Respond to of 18998

Wendt is a real piece of work "His employment was terminated," Wendt said in one of his occasional memos to shareholders on Thursday afternoon. "I let him go because I did not believe that he was up to the job." Conseco said on Wednesday simply that Chokel was leaving the firm, after only a year in the job, to pursue other interests. Wendt said he assumed that would be understood that Chokel was fired. Since when does the departure of a CFO for a financially troubled firm imply "firing". If Wendt truly believed that Chokel's departure would be interpreted as a hatchet job (I guess we are to infer that Chokel was responsible for CNC going on credit watch) he is truly a idiot and must think the same of the investment community if he expects people to believe that one. I guess I'm inclined to believe that Wendt blew up when the Moody's thing hit, blamed Chokel who probably told him to shove it up his ass for being such a egotistical prick, which at that point Wendt fired him. mad2