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Corrections Corporation of America Message Board

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  • newMK newMK Jun 4, 1999 10:36 AM Flag

    IS PZN A MOMENTUM STOCK??

    Last I heard (last night), is that bond deal
    would price this am at 11%; cut back to $250MM (they
    don't need the full $300 now anyway); full disclosure
    of OPCO financial information.

    Regardless of
    bond deal getting done, this stock is as out of favor
    as a stock can possibly be right now. Won't change
    overnight. Could easily drop to 10 (or worse). But the
    business remains strong. That will eventually affect the
    price, but it will take a lot of time. Trade the stock
    at your peril. Hold it long term and
    benefit.

    P.S. Flipper's on the road today.

 
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