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Corrections Corporation of America Message Board

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  • newMK newMK Jun 6, 1999 9:02 PM Flag

    From the ridiculous to the sublime---

    I seem to recall something about the REIT bylaws
    that make hostile takeovers difficult. I'd have to do
    some research to figure it out, but maybe someone else
    could help.

    I posted last week that if I could
    raise the money, I would buy every share of PZN,
    leverage it up, pay myself a huge dividend, sit back for a
    few years while it cash flowed away the debt, then
    sell it for for a few billion dollars profit.

    Well, I can't raise the money, but Doc is surrounded by
    plenty of folks who can. Sodexho, Massey-Burch, Baron
    Capital, HSBC and so forth. Those of you calling for Doc's
    resignation will see this company go private first. And
    before that happens, Doc will no doubt do everything he
    can to vindicate his strategy. Might be able to,
    might not. At some point though, in Doc's words, it
    falls in the category of "life's too short".

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