Thursday, August 30, 2007
Conseco's Comeback; Should You Buy Shares in Conseco?
Shares of health insurer Conseco are down 30% year to date, trading midday Wednesday at $13.98. Volatile trading is nothing new for the company.
Conseco filed for bankruptcy in 2002 with more than $52 billion of assets on its balance sheet, making it the third-largest U.S. bankruptcy at the time. The company re-emerged in September 2003 with its assets valued at about 10% of what they were the year before, with a stock trading at $20. And until recently, Conseco shares had remained above that level.
Conseco's Comeback; Should You Buy Shares in Conseco?
Source: Insurance News Net
Conseco filed for bankruptcy in 2002 with more than $52 billion of assets on its balance sheet, making it the third-largest U.S. bankruptcy at the time. The company re-emerged in September 2003 with its assets valued at about 10% of what they were the year before, with a stock trading at $20. And until recently, Conseco shares had remained above that level.
Conseco's Comeback; Should You Buy Shares in Conseco?
Source: Insurance News Net
Permalink posted by armandn @ 7:04 AM 
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