Picked up a starter of CNO at $2.45. What can I say, the stock is very cheap based on operating earnings of .32, so I was attracted to it. The downside is these investment loses. I think they will be able to get through them. If they do, this stock will start posting .30-.40 a quarter, even a 5 PE times .30 a quarter, would equal $6.00 a share. Their are risks here, but I feel they are worth it. Stock also trades significantly under book as well. Just my opinion.