CNO 80%
http://cms.ibj.com/ASPXPages/6iframes/FrontEndArticlesDetailPage.aspx?ArticleID=33499&NoFrame=1
JK,
Thanks a bundle. I’m thinking the same thing.
Glen
From: J.K. Wall [mailto:jwa Sent: Tuesday, March 17, 2009 2:12 PM To: Bradford, Glen Richard Subject: RE: Conseco
Glen,
I'm no expert, but I give Conseco 80 percent odds that it avoids bankruptcy. I don't see how it would make sense for anyone involved, including the senior lenders. It seems the company will do more reinsurance deals first (limiting profits but boosting capital) before the brass let the company go bankrupt.
For what that's worth.
J.K.
-----Original Message----- From: Bradford, Glen Richard [mailto:gbrad Sent: Sat 3/14/2009 2:09 PM To: J.K. Wall Subject: Conseco
Hey JK,
If you had to put a probability on it, what do you think the probability is that Conseco equity shareholders will make it through because the company is able to write off less discontinued operating losses in 2009 and pay off the debt obligations to Bank of America? 50/50?
Glen Bradford
Purdue University
Masters in Business Administration
Bachelors in Industrial Engineering
School of Engineering Student Ambassador
www.glenbradford.com
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Glen Bradford
Investor · Builder · Writer
MBA from Purdue. Former hedge fund manager. Holds 26 series of Fannie Mae and Freddie Mac junior preferred stock. Built Cloud Nimbus for Salesforce consulting. Author of Act As If. Writes about investing, building things, and the longest financial fraud in American history.
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