CNO = recession proof stock. Has been absolutely annihilated down 90% recently from one-time charges and broad market liquidation especially in insurance companies with mortgage exposure. Backing out one-time charges CNO is making money hand over fist and growing very rapidly. Analyst estimates for 2009 of +$1.27 EPS I calculate to be somewhat conservative. Assuming they stay liquid (always a risk) and nothing comes out of left-field, CNO could easily be a 10+ bagger in 2009.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.