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Corrections Corporation of America Message Board

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  • tiomigi tiomigi Sep 21, 1998 5:53 PM Flag

    Registering $500 Million shares

    Something looks to be very wrong with this
    picture. Why should a seemingly strong company, in a
    strong recession-proff industry, have such a highflying
    yield, that normally signals a red danger flag?

    I
    don't know the answer. I would just love to buy more at
    this level but something seems terribly wrong
    here.

    Look at CCA's price over the past month compared to
    WHC. Going in opposite directions
    marketwise.

    Why????? I would just really love to have an
    answer.

    Mike

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • THat is the reason.....It has nothing to do with
      valuation....
      If you can hang on, collect your dividend (recently
      raised),
      you will see that valuation come back to the
      stock....

      This is the worst downturn for REITS I have
      seen.........

      It is coming to a bottom though.

      • 1 Reply to REITmaster
      • with the fact that reits have been beat to death
        but if u
        look at hiw pzn the no's are there to
        more than support
        the dividend transamerica agg
        grth fund is buying pzn
        a good sign i have three of
        their funds and they have done
        outstanding i think
        their index fund with 30%cash will do
        well they can
        buy in the dips i bought chase and citicorp
        when
        banks were going under at 9 & 13 bucks
        now i am
        buying hiw pzn ericy low srv
        take a look and buy the
        goods on sale
        not all reits but the best will get
        new money because
        that's where the returns are
        and cap gains sure to come
        i do not see a downside
        at these prices
        buy the ones the funds are
        buying and keep stops on all holdings

 
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35.11+0.11(+0.31%)Sep 19 4:04 PMEDT

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