Jim Thanking you for posting your thoughts. I have been following this board for a few months, and have enjoyed the banter. I'm just a retail investor like most. I've found I can do the market just as good as any broker. (or is the market doing me.HAHA) As far as my 6.00 price target, before earnings. This is just my opinion.
The market is topping out on what I call the good for sure stock picks. Profits are being taken from these blue chips (the apples of the world). People will be looking for stocks that have room to run. You have to agree CNO has upside coming someday, price to book and earnings per share. People that wait till after earnings will miss the move. Also concerning earnings I think management had to come up with guidance for 2010 to sell the new dilution. I'm banking they low balled that number and most investors will see blow out numbers come earnings. Big surprises moves the price higher. The improved balance sheet is in the bag all ready, the smart money knows this already but has it has not been priced in. I'm rambling now.