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Corrections Corporation of America Message Board

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  • flipper_58 flipper_58 Mar 27, 1999 8:57 AM Flag

    Value verses Momentum Investing...JMHO

    I copied and pasted those numbers from Fidelity's site. No wonder thet are not a buyer of PZN.

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    • I'm not missing the point. In fact, you restated
      my point.

      If the accusation you make is true,
      the lawsuit fixed it. Right? Why would the wronged
      parties settle for less than they were allegedly screwed
      out of? You said at the time the settlement was
      announced that it involved substantial concessions by
      CCA/PZN (I, of course disagreed, but who am I to argue at
      this point?)And the court agrees with you that the
      suit wasn't frivolous - that's why they gave the
      attorneys so much for their considerable effort (I'm trying
      hard not to lose my lunch).

      Long story made
      short - you (or those of your ilk)had your day in
      court, so quit bitching.

      The IRS does NOT have to
      rule on this. They can challenge it at any time via
      audit, but their best chance to sustain a challenge
      (substance over form) is lost. Assuming PZN continually
      meets the mechanical requirements of being a REIT, they
      can prove the form reflected the substance because of
      this lawsuit. Like I say - cheap insurance.

      And
      a reminder - more than the merger drove this stock
      down. I've gone over those facts with you before.

      • 1 Reply to newMK
      • Fundamentals DO count. With a REIT structure your
        paid out your profits and you can choose what you wish
        with them. If you own a "regular stock" you need a
        buyer for you to make your profit. If your seller then
        the situation obviously is not good.

        Wall
        Street is a moody place. We like privates
        corrections...now we hate it...why? Well the growth rates are not
        1000% any more and Internet Selling Sites are. Whey
        love REIT's they hate them. It's the nature of the
        beast I guess, always has been....into Auto stocks..out
        of auto stocks. When you make money moving money
        around, it better keep moving.

        If your a trader
        then PZN is probably not a good choice. I've always
        felt as a trader you buy high and sell higher..you
        know momentum stuff. It's why internet stocks are
        trading so well, they are moving up well. Of course
        everyone knows they are overpriced..but there going up.
        And everyone always thinks they can get the top tick
        or will get out when they want too.

        IMO, as
        an investor you buy low and sell high...in theory
        anyway. This is disturbing to see the stock act this way
        at a market high...because we know it will go down
        further if the market declines. How it will go? If the
        market is bad you'll probably be shocked by the yield.
        IF you can't deal with that then you should plan a
        strategy what your going to do.

        My advice..focus on
        the fundamentals..not the stock price. This company
        is very cheap as a take-over candidate(I'm NOT
        implying it is though) and that's a very important measure
        I use to decide if I want a stock.

 
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