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Corrections Corporation of America Message Board

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  • REITmaster REITmaster Dec 30, 1998 7:29 PM Flag

    I was robbed!!!

    From a technical standpoint....

    I think
    market is worried about a dividend cut which is
    likely
    but I still believe dividend will be in the $1.50
    area per year
    with increases going
    forward.

    I think buying at $17 3/4 or so is a bargain and
    believe a re-test of that area is likely.

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    • Just last quarter it was increased to $1.92.
      Since that time, the merger has been approved, 6,700
      new beds were added in the 4th quarter and HSBC has
      agreed to provide huge amounts of equity
      funding.

      I've never heard of Technical Analysis predicting
      future dividends so I assume your analysis of the
      fundamentals led you to your conclusion. Please share your
      assumptions with us. Thanks in advance.

      • 2 Replies to RetiredPaperman
      • After the merger, PZN will operate as a real
        estate investment trust, or REIT. REITs are required by
        law to distribute at least 95% of their taxable
        income as dividends to shareholders. Because they pay
        out so much of their earnings, they pay no corporate
        income tax. That means that their earnings, unlike those
        of companies that issue stock, are not taxed before
        they are distributed. Thus, investors get a bigger
        share of the profits than they do with stock. When you
        collect those dividends, you also may be able to defer
        paying taxes on a portion of them. (That is, REITs can
        also offer a tax advantage: as much as half of their
        cash distributions may be sheltered.) The most
        successful REITs are regional and often specialize in one
        type of property.

      • I kicked myself for missing the bottom around
        $15. It also zoomed past $20. What many should realize
        that there were many sitting on a 60% increase in a
        matter of weeks. Also, sometimes mergers tend to sour
        the short term outlook on companies.

        There are
        many things going for this company, no matter how one
        views the future outlook of the market. This comapny
        should appeal to a growth investor, a dividend investor,
        a value investor, and the contrarian investor.


        As someone stated in an earlier post. They have a
        year round tenents and plenty of growth opportunities.
        For a long term investor, this will be a tremendous
        stock!

 
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