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

To: Randy Schmid who wrote (681)	4/7/1998 5:40:00 PM
From: Adam Nash	Read Replies (1) \| Respond to of 4155

This merger reflects the fact that Green Tree was in an exceptionally weak valuation period. GNT is on track to earn $2.47 in 1998, so at their price of 29, they were highly attractive on that front. This addition to CNC's bottom line should be immediately apparent. The question is whether this whole idea of a company offering both mortgages, loans, and insurance is a good one. I wouldn't get a loan from an insurance agent, but I might buy insurance from a lender.