Value Microcaps Free-For-All

[jaybird249]

Why CNO is cheap 1.5 Forward PE
1. In recent CC Management projected $1.35 Operating Income in 2009.

2. Trading at 1.48 PE.

3. Historical PE is 8 This would put the stock at $10.80 sometime in 2009.

4. Business model is unique - nobody targets middle income seniors.

5. Expenses have been rung out of the system . . . costs have come way down due to customer service consolidation.

6. Large Insider Buys in September between $4-7.

7. Spinoff of trust relieves CNO of the burden of carrying a capital-sucking LTC business and allows those $ to be redeployed.

8. Stock market and ratings won't hurt CNO compared to big guys (like HIG or MET) . . . target market and policies don't need high ratings to be sold.

9. Multiple distribution platforms (Colonial Penn, Bankers Life, Conseco) that allow people to buy how they want to buy.

10. $2.09 gives you an opportunity to "BACK UP THE TRUCK" and accumulate a real wealth-changing position. Rating :
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