Taped replay of earlier CC, today. Sorry, it's on
your dime (not toll-free):
Access Code: 692845.
If (incomplete) posting
precedes this one, it's because I accidentally pulled the
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If the players are dishonest, as many here seem
to believe, the dividend may not be safe. If they
are honest, the bonds will not reduce FFO, because
they are alleged to be used to pay down bank dept. Of
course, they may now be rated as ultrajunk, which may
make the whole paydown pointless.
Again, if the
players are not honest, anything can happen.
- - ST
I fully agree. In
addition, Doc is a proven producer----he knows how to make
I will be going to Fla. this Thursday and
will get a chance to talk with a friend who works at
the juvenile facility in Lake City. He will not have
any insider info, but should be able to give me a
feel for the attitude of PZN's workforce. I will post
whatever I find out when I get back on the 25th or 26th.
...recent news boils down to an increase in the
total capital cost of building a prison. PZN will have
to borrow some 12% more than it otherwise would, and
the effect on FFOPS, a few cents reduction, has
already been factored into earnings estimates. Too bad
the company wasn't forthright about things. Wall St.
doesn't like surprises.
Isn't it curious that within minutes after the
close two negative releases hit the wires? At 4:09 EST
PR Newswire advised of a class action lawsuit due to
the PZN/CCA combination last year. Then at 4:10 EST,
Reuters released a story where more details were given
about Legg Mason which said it had lost confidence in
Prison Realty's management and downgraded the stock. Are
we looking at another down gap opening tomorrow
morning so the shorts can cover ? Time to buy ?
I can'at beleive I've been had. I hope that
Arthur Anderson is their accountants. I'm waiting for a
substantial settlement on a limited partnership that was just
settled recently. Unfortunately they only have a
$500,000.00 policy. Not much help in this case. I do beleive
we're doomed and are the victims of fraud. Tommorrow
will tell. Meanwhile I'm a fool and out a bunch of
money on others advise. PZN a no brainer?? When I get
my hands on my inside source I'm going to work him
over with a nine iron