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Corrections Corporation of America Message Board

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  • newMK newMK Apr 11, 1999 7:39 PM Flag

    Well, if misery likes company, I'll be w

    I'm back - without a tan; guess you win that one.
    But you're off track re Flip/r7 dialog on taxes. r7
    popped up here claiming Treasury was going to disallow
    PZN's REIT status - and never responded with anything
    of substance when questioned about his

    The analysts who worried about taxes also worried
    about OPCO. IMHO (which, trust me, you ought to trust
    on this), you can worry about one but not the other.
    The REIT tests are mechanically met. But you say that
    the ties between mgmt can be "construed" as effective
    control. I might agree, except for the lawsuit, which
    solved all the problems, right?

    P.S. I wouldn't
    trust Litt about tax matters any more than I'd trust
    him about REITs. He's been calling them pretty poorly
    in the past year.

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