Corrections Corporation of America Message Board
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From the ridiculous to the sublime---
Damm! Now you're not only a banker, you're big
enough to loan the old Doc money??? Wheeeeeeee. Let's
see if we can get this straight, now. You're a banker
big enough to loan PZN $$, you go nuclear when
something you bought at $13 goes to
$11, (BTW, boys and
girls, this buffoon was flaming PZN before Friday..In
fact, he/she/it came here flaming PZN)....and
your
schizophrenic alterego is named tnbanker 24. Does that "get"
it???
You say "I know more than you might think." I don't
disagree. If you can do more than count to ten without
taking off your shoes, I'll give you that
one.
Look "Bankerman," you're not worth the
energy, so
have your way. The Nicster has better things to do
than this. My point is made, however, and reinforced
by your
last two posts. You are the fraud.
You
have no credibility. You are part of this campaign of
disinformation that has taken
over this board. And nothing
you post here should be believed by others.
I
must admit, though, this last one is a
real hoot.
Yeah, "go further." Tell us,
brother, about the
copious amounts of $$ you loaned to PZN. Tell us about
how Doc
came to you and your big-time bank for
$$.
Tell it all, brother. When your handlers come back
tomorrow, we can probably all say a big Texas "adios" to
your ass, 'cause you definitely left the old
'rancho
braino' this weekend.
Apologies to the board. If
you don't like/agree with my opinions, I do use the
same ID every time, and mine aren't required reading.
Just understand that
you are being subjected to an
intense
campaign of disinformation.
Best. Nic-
What is the potential for a corporate raider to
take over PZN and sell off the OPCO leases ? It seems
to me that every prison PZN is involved with is
undervalued,based on the current stock price. I believe convincing
arguments could be made to state governments to buy back
their leases and issue bonds at a rate that would give
them a much lower capital expenditure rate than they
have now. I realize the bonds would adversely effect
the states' bond ratings and the public would
complain about it, but their is no question in my mind
that the prisons owned by PZN have a greater value
than the stock. Do the leases with the states, the
loan agreement covenents with the lenders and bond
instruments address this question?- 2 Replies to olddaddygram
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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". -
Do a little home work and you will find out almost ever state pzn deals with wants them out or are having problems with there operated facilities at this time.
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