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

To: Pancho Villa who wrote (476)	12/9/1997 6:26:00 AM
From: JM	Read Replies (1) \| Respond to of 4155

Agree that Analysts, as well as RDirks have their own agendas when touting or bashing stocks. However, shareholders, particularly the inside shareholders, also have an agenda; to push the stock price higher. Analysts stake their livelihood on being correct the majority of the time. Insiders at CNC have recently put a large amount of their own money at risk. After fundamental analysis, doesnt it then come down to who you believe is more accurate? As long as a company follows GAAP when issuing financial statements, that company will not(should not) be bashed by the majority of analysts (CNC, so far is being questioned by one individual). Accounting is an art because different companies may accumulate, analyze, quantify, classify, record, summarize and report data using different methods. Generally accepted accounting principles serve as guidelines that allow flexibility in some instances. IMO Dirks is exploiting the generally accepted flexibility in CNC financial statements in order to put his own spin on things in order to achieve his goal of a lower CNC stock price. So far, it seems the majority on Wall Street have not abandoned this issue just yet. IMO taking a short position at this time is equally and perhaps slightly more risky than being long.