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 (618)	2/10/1998 10:20:00 PM
From: M.A. Miller	Read Replies (1) \| Respond to of 4155

CNC completed the most recent 5 million share buyback at an average cost of $43.60 per share (per their most recent SEC filing). I think it's safe to say management knew that their 4th quarter results (due Feb 25) would be very good. Otherwise, they wouldn't have started the buyback until after earnings. CNC will hit $50 by earnings, and may go to $53 shortly after, then it will stall out for awhile, in my opinion, unless an acquisition happens which increases 99 estimates.