Cno Finl Group Inc Com (NYSE:CNO)

Conseco stock has been strong after recent penny miss; believe, however, likely to get off the steroids soon after rise to $4.20

Extremely Undervalued

High risk play, with refinancing issues but potentially 5 or 10 bagger once the issues are solved. The stock will stay under pressure near term and be very volatile. Cash and cash flow to be watched closely.

Good risk/reward play but not for faint heart investors.

Continuing to pick high risk/reward scenario plays.

it has to go up from here

look at it's past performance.

seems to have bottomed and coming back

The worst has past, time to see their big signs at the baseball stadiums again.

I was a little early with this red thumb...but it won't be long before my pick turns GREEN!

This security is still a good pick at this price. There are several sources that say it'll double again and soon, like:

Glen Bradford
http://seekingalpha.com/article/136815-shooting-for-100-return-in-one-month

and

Some Guy with a blog
http://blogtoamillion.wordpress.com/2009/05/11/next-up-conseco-cno/

But I mainly like this security because they're now profitable... did anyone see their 2009 and 2010 forecast? 1.09 and 1.15 per share respectively. With this P/E ratio CNO's book value should be around $14 - $18.

Back when this company wasn't profitable (Jan this year) they were trading at almost $8 dollars a share. So It's pretty ridiculous how cheap this security is right now, especially considering that they're in the black.

Plus, the newest board member of CNO, Keith Long, seems like he actually wants to help pull the company's stock price out of the mud.

You can read about that here:
http://cms.ibj.com/ASPXPages/6iframes/FrontEndArticlesDetailPage.aspx?ArticleID=37548&NoFrame=1

According to the article, Mr.Long's company Otter Creek Management just purchased about 1% of CNO... So, even though this isn't a whole lot of skin in the game, at least he's putting his money where his mouth is.

Anyways, do the research to confirm what I've said... but I definitely recommend this one.

*Disclosure - I do hold a long position in CNO.

CNO looks, after yesterdays earnings call, like a survivor. They reported book value of 18.57 after FAS revisions, and the price is, even after going up 12 times, less than 0.2 of that. They also reported a profit after write-downs, which is a pretty good quarter for an insurer these days.

This is a speculative play and in real life I bought a modest position

trend PS test

CNO--This insurance holding company should reach $5 before July or August and continue to rise with government bailouts and some restructuring of business.

Stock wil hit 5.00 by end of year has a book value of 9.37 and is cash positive.

Not knowing where they have invested there money I would not touch this stock. with the economy being where it is today. Plus not knowing what the banks will say next.

With the aging U.S. population, I expect that a company involved with healthcare insurance will do well.

In the wake of yesterday's formal Earnings Report, underscoring CNO's woes, today's brief Market spike is undoubtedly the best opportunity to bail-out of any current position.

I lost thousands when they went bankrupt, why not buy them now when they are listed for 30 times more then what I paid for them and I would be rich from it, gotta love it.