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

To: John Carragher who wrote (761)	7/7/1998 1:30:00 PM
From: bhuvanarama	Respond to of 4155

Can anyone shed some light on the write down CNC is taking for GNT. It seems to me that GNT underestimated again. Now I'm not sure that these write-offs will be the last. It will help with earnings for the next few reports, but after that...? I'm grateful that CNC bought GNT because with this write-off: instead of owning a $45 stock, it could be $12 or $13. While I believe that CNC is a fast growing company in the insurance area, I'm not sure that buying GNT was a good idea. Any comments. Hopefully July 29 will give us a better outlook.