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

To: dfloydr who wrote (486)	12/10/1997 12:11:00 PM
From: Pancho Villa	Read Replies (3) \| Respond to of 4155

DFR>>Yes, insurance industry financial statements are another kind of game, and different kinds of insurance companies are each their own speciality.<< Thanks at least now I feel better. On CNC I know it is a gamble (since I cannot verify all the financials) but I decided to put my $$$ behind RD. Three reasons: 1. Even if 1/3 of the stuff he says is true CNC is a pretty good short. 2.The guy is upset but he had a chance to look at the "guts" of CNC when managing the acquisition. RD may ve a controversial person but IMO he knows the insurance business. 3. The only way I could see RD going out on a limb like he did and being totally off is if the guy has gone totally insane which is a posibility. 4. Even if you ignore RD 100% CNC is not precisely a cheap stock. There is room for a nice fall. Bottom line, I will stay short CNC as a portfolio hedge. (appx 3.5% of net portfolio value) Pancho PS: I wonder if what is going on at OXHP is a preview of what may be coming at CNC