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

To: JM who wrote (651)	3/4/1998 2:29:00 PM
From: John Thomas	Read Replies (1) \| Respond to of 4155

JM...................................................... I have heard the GE Capital rumor for the past 6 months. With the regulatory approval needed for a deal like that to get finished (9-12 months), I think Conseco can get their stock up to $65 (that is the number that I have seen as GE's offer)with out a buy out. With a PE of 30+ a GE stock deal looks as though it would not be delutive, but how long can Conseco hold out for more money and how long will GE have a 30+ PE??? Those are the questions all of us shareholders need to ask? With the 25% ownership that is held by management, there is only one way for any of them to realize any of the profit and that is to sell (except for Mr. Hilberts divorce Sr. management has never sold, to the best of my memory) A buyout is the only way for them to cash out, remember that Mr.s Dick & Gongaware are no spring chickens. Let's hope Mr. Hilbert gets the stock up to 60-65 the sells to GE @ 83??? I does not hurt to dream John