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

To: Pancho Villa who wrote (639)	3/2/1998 9:37:00 PM
From: The Pri	Read Replies (2) \| Respond to of 4155

A Few Comments to Pancho and Wabash Pancho.. I see you are also short on ALYD. Do you ever go long? CNC will generate over $400 million of free cash-flow this year after paying interest, taxes and dividends. Every day another million is in the cookie jar. This is the true value of the Company and should be the basis of analysis. Wabash. Conseco marketing has 190,000 total agents, not the 25,000 that you have mentioned. The Company has already stated that it is comfortable with estimates of $3.40 for 1998. With 20% for 1999 we are at $4.14. With 20% for the year 2000 we are at $5.00. Sometime in late 1998 to mid 1999 can't you see another stock split. Then, how will the insiders get their billions of personal value out of the market? IMHO CNC will then be sold. Pancho. It's O.K. to be short for the little ups and downs of the market but in the long run if you believe in the economic power and needs of the baby boomers this stock will grow and grow and grow. Regards to all The Pri

To: Pancho Villa who wrote (639)	3/3/1998 10:06:00 AM
From: Wabash Cannonball	Read Replies (1) \| Respond to of 4155

Pancho, I do not disagree with anything you've written. I've watched this company for twelve years and I always thought it was overpriced, a bubble, etc. So I never bought it and paid a great price for protecting myself. When insiders put up $125 million, I decided I could buy a little myself. This was the action that finally moved me. As an insurance agent, I am intrigued by the stock options. I agree that agents usually aren't rewarded by this type of opportunity. I wonder if the cost/benefit of offering this incentive might be especially useful to the company. There may be vast numbers of agents selling for the company in the future due to this stock option. This not only sells policies but may swell the ranks of the shareholder base, as well. Someday, we may all look back and say this was a smart maneuver by a company with insight.