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: ken whited who wrote (701)	4/20/1998 8:38:00 PM
From: Ken Sammut	Read Replies (1) \| Respond to of 4155

I have confidence in CNC but would prefer that they would cancel the deal with GNT. The street still does not like it. GNT is trading several dollars under the merge price which would indicate a lot of others think it will not happen. Too many good sound companies they can go after like CCR. >>GreenTree 1997-E Off S&PWatch; Downgrades B-2 Certificates NEW YORK, April 20 /PRNewswire/ -- Standard & Poor's today removed its ratings on all certificate classes of GreenTree Financial Corp. series 1997-E from CreditWatch, following GreenTree Financial Corp.'s rating removal from CreditWatch. At the same time, Standard & Poor's lowered classes HE:B-2 and HI:B-2 to triple-'B'-minus from triple-'B'-plus. These ratings are removed from CreditWatch where they were placed on Jan. 30, 1998 with negative implications, following the placement of GreenTree Financial Corp.'s rating on CreditWatch with negative implications. The rating downgrades are based on the lowering of GreenTree Financial Corp.'s long-term credit rating to triple-'B'-minus. Both classes are solely supported by guaranty policies issued by GreenTree Financial Corp. The 1997-E transaction was rated in December 1997, and consisted of approximately 5,986 home improvement loans totaling about $107.28 million, of which approximately 2.87% are FHA-insured Title I loans, and approximately 8,597 home equity loans totaling about $434.99 million. Additional pool characteristics for the home improvement loans at the time of closing, include a weighted average coupon rate of 11.22% and a weighted average term to scheduled maturity of 209 months. Additional pool information for the home equity loans at the time of closing include a weighted average coupon rate of 11.80%, and a weighted average term to scheduled maturity of 235 months, Standard & Poor's said. -- CreditWire SOURCE Standard & Poor's CreditWire CO: GreenTree Financial Corp. ST: New York IN: FIN SU: RTG 04/20/98 16:34 EDT prnewswire.com

To: ken whited who wrote (701)	4/21/1998 1:52:00 AM
From: dougjn	Respond to of 4155

Having bought Gnt in the mid 20s, aft blowup, I was quite happy, thanks much. <g> Sold immediately on offer announce of course. I suspect there is a good chance deal won't go through. Doug