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Corrections Corporation of America Message Board

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  • Idontwanttohearit Idontwanttohearit May 17, 1999 9:57 PM Flag

    You can hear it now. 2

    statement famous. We "read his lips",
    too!

    <<<DIVIDEND IS SAFE........READ MY
    LIPS>>>>>>>>DIVIDEND IS SAFE.>>>

    Your credibility will
    probably suffer here. This dog is losing the ability to
    borrow to pay the dividend, and will probably NEVER pay
    another.

    Moreover, unlike most REITs, its assets are worthless. You
    cannot sell a prison on the market like a Holiday Inn to
    raise cash. Once you're broke, and make no mistake
    about it PZN is broke, to only choice is chapter
    eleven. PZN's creditors will foreclose on its assets, but
    even they will only recieve pennies on the dollar.

 
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