SI
SI
discoversearch

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: JM who wrote (439)12/3/1997 9:34:00 PM
From: M.A. Miller  Read Replies (3) | Respond to of 4155
 
I e-mailed IR too. I trust credit agencies, execs of companies that sold out for CNC stock, and analysts more than Dirks. But I think we've hit a point where CNC owes a duty to its shareholders to respond with more detail, rather than just throwing the guy out as a jerk, as Hilbert did in the 2nd quarter analyst conference.

We'll see if gen counsel Sabl feels the same way I do, and can persuade Hilbert to respond with some meat.

The one point Dirks doesn't address to my satisfaction is the heavy insider buying by CNC execs. Why would they do that if CNC is a mess? Simply to create an illusion that things are good. I don't think so.



To: JM who wrote (439)12/4/1997 3:39:00 PM
From: M.A. Miller  Read Replies (1) | Respond to of 4155
 
The problem with Dirks' analysis of Conseco is that if Dirks put the CNC Pioneer deal together, as he claims, then he committed malpractice (if there is such a thing for investment bankers) because his actions resulted in PFS shareholders receiving stock in CNC which will go worthless according to his report. It was a stock deal afterall. How can he refute that fact.


HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News