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Corrections Corporation of America Message Board

  • ETERNAL42016 ETERNAL42016 Dec 30, 1998 11:47 AM Flag

    I was robbed!!!

    I feel like I just fell for a scam concerning
    this investment. I bought PZN right after the last
    upgrade by an analyst at 25 7/8. At that time all the
    peripheral fundamental indicators looked great for this
    stock. A REIT with substantial growth potential is a
    rare commodity these days. I should have investigated
    the CCA thread that some of you on this board have
    mentioned. So what the Hell is the deal. I realize that
    REIT's in general are out of favor right now but PZN's
    price has dropped just about every day for the last 2
    weeks. I also am aware that this company does not
    concern themselves with PR very much hence the lack of
    news. I would have expected the stock price to increase
    after the last contract. Can anyone give me any info
    about anything concerning this stock.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • Contrary to some of the sentiments and worries
      expressed on this message board, Value Line (report dated:
      12/18/98) was quite upbeat on the prospects for CCA and its
      upcoming merger with PZN: "The financial prowess resulting
      from the merger, due to enhanced access to capital,
      should provide further opportunities to the company,
      particularly for owning and managing facilities�..the entity
      will now have the opportunity to own a facility
      without taking on the management responsibilities. This
      would give the company access to states, such as
      California and New York, with many potential inmates, but
      where strong unions would not allow prison-management
      functions to be outsourced�..the company�s current share of
      the private-prison sector exceeds 50%, and it is
      winning at least half of the new contracts being awarded
      to the industry�..the resulting company may be
      appealing to those investors with a long-term horizon, due
      to the industry�s favorable outlook�.we expect this
      industry to continue to garner contracts from the public
      sector at a increasing pace, fueling exceptional
      top-line growth for the primary players�.moreover, this
      industry has little exposure to an economic slowdown since
      crime, though statistics show it is declining, will
      always exist in society� Value Line�s 3 to 5 year stock
      price estimate for CCA ranged from a low of $45 to a
      high of $70 per share - I imagine this estimate
      applies to the merged entity as well since Value Line
      didn�t make a statement to the contrary. Value Line is
      available at most local libraries for those interested in
      reading the full text of their report.

 
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