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

To: david siple who wrote (469)	12/8/1997 5:19:00 PM
From: JM	Read Replies (1) \| Respond to of 4155

IR response to my question as to why they have not addressed Barrons/Dirks was to say that because Conseco is currently in registration (in the process of making a public securities offering <Feline Prides??>), they are restricted from making a detailed response to Barron's at this time. Seems plausible to me. Question: Because of the nature of claims adjustment, isn't there always some subjectiveness as to how these numbers are reported, and is Dirks taking advantage of this normal variance to make his case? For the time being, I will hold (with great vigilance). I tend to agree with MA Miller's point that S&P, Moody's, etc. are very capable of ferreting out improper accounting practices. However, if I were a more seasoned investor, I might take your advice on hedging. Also there appeared to be some buying after the initial 2 point drop. Seems that some may view this as a buying opportunity.