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Corrections Corporation of America Message Board

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  • flipper_58 flipper_58 May 15, 1999 8:48 PM Flag

    You can hear it now. 2

    1) Management has no real effect on their stock
    prices, IMO.

    2)The merger to a REIT was to serve
    one primary goal, make PZN more appealing to raise
    large amounts of funds. PZN will be raising $400MM as
    an investment grade credit, not some that could be
    done as CCA. Large institutional investors are now be
    TURNED away from PZN's universial shelf. The fact that
    the stock price has dropped only adds to he costs of
    new business for the short term. There is a reason
    why large Real Estate owners turn to a REIT
    structure....big investment money wants income. That's why the
    bond market for private and public debt DWARFS the
    equity market.

    3) The salaries have always been
    low for top management...Bob Crants makes
    $100K.

    It's only pain until you sell. Great time to tax swap
    your high cost buys if you in for the long term.

 
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