Tom Cochrane

Annuities Providers Eyed As Takeover Targets

Agreed that Phoenix is extraordinarily attractive at a $184 million market cap. TARP funds rejection could also be viewed as a signal of strength. An innovative company that, in many ways, is well positioned in the market you describe above.

Although around 20X as expensive as Phoenix, Principal is such as strong, well managed company. Agreed on the level of attraction here.

Conseco IMO deserves its price to sales.