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.

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

To: John Thomas who wrote (400)	11/14/1997 12:10:00 PM
From: M.A. Miller	Respond to of 4155

I read in Forbes that Hilbert has a $5 million dollar replica of Assembly Hall at his home that he plays basketball in. I'm going to look at NALF and the other. I've been looking at them a bit, but not bot yet because I heard NALF was possibly going to be delisted from nasdaq. Thanks for the update.

To: John Thomas who wrote (400)	11/14/1997 5:50:00 PM
From: Jolie Renee	Read Replies (1) \| Respond to of 4155

John, you wrote: Hilbert said that Conseco was going to expand their position in the sub-prime auto lending area. Does this mean ONLY with NALF & GACC, do you think? I'm asking because another company, in similar shape as NALF is (was) - Mercury Finance - is looking for a buyer, too. I own a little MFN stock and we're patiently waiting for something 'good' to happen. Any comments appreciated.

To: John Thomas who wrote (400)	11/20/1997 1:42:00 PM
From: M.A. Miller	Read Replies (3) \| Respond to of 4155

John: From the SEC filings of the 18th of Nov, looks like CNC is going to issue up to $1,000,000 of debt or prides to replace existing debt, perhaps to give better interest rates. They can't borrow more for acquisitions because they would exceed the 35% debt to capital limit they have promised the rating agencies they would maintain. Therefore, future acquisitions would appear to have to be stock. This would allow pooling of interest which is more favorable to earnings (no amortization of goodwill). Remember, last year CNC asked to increase authorized shares from 500 million to 1 billion. Currently only 200 million outstanding. I read that to allow for a stock split and several acquisitions. I think CNC is looking right now to acquire, as you said. Interest rates are low, but I'm sure they want they're stock up to $50 or so before doing a deal. Waiting with excitement. Any input you can add?