Recent

% | $
Quotes you view appear here for quick access.

Corrections Corporation of America Message Board

you are viewing a single comment's thread.

view the rest of the posts
  • newMK newMK Apr 15, 1999 12:10 AM Flag

    Can somebody please explain?

    just happened to be sitting here contemplating my
    well-offness.

    As I understand it (and as seemed to happen on March
    19), PZN will open lower on the day after the dividend
    record date by the amount of the dividend. Thus if PZN
    closes at $17.40 on December 19, and if that is the
    record date for a $2.40 dividend (special or otherwise),
    it will open on Dec 20 at $15.00.

    I guess in
    theory the dividends are priced into the value of the
    stock, so the price shouldn't go up much as the dividend
    approaches. Don't wait to buy just before the dividend - it
    won't work.

    Now, should the stock appreciate
    without regard to all this? Seems to me it should (I'm
    not selling, and am reinvesting the dividends as
    Flipper advised). When will it? I said a year ago that it
    could take a year to recover. It's just gone lower. But
    I truly believe it is undervalued. Just my opinion.

 
CXW
29.17-0.10(-0.34%)Feb 8 4:01 PMEST