By the General's reckoning, calculated over the
past 3 months from 3/22/99 through 6/18/99, inclusive,
incorporating a total of 63 trading days, PZN's ADV has, for
the first time, topped the 1 million mark with an
average of 1,029,729 shares per day.
is 3.30% more than the 996,818 figure currently
being reported by Yahoo (per Yahoo's ADV data provider)
for the past 3 month period.
As might be
anticipated from its volume history (see PZN's statistical
archives or note the volume portion of PZN's big 3-month
chart here on Yahoo), PZN's ADV (as reported here on
Yahoo) should continue to climb over the near term so
long as its ADV (averaged within a trading week)
remains at least 400,000 to 500,000 shares per day (last
week's was 812,600).
But in a couple of months
from now, by mid-August, PZN's ADV should begin to
decline as mid-May's big daily volumes get subtracted
from the "3-month" total being averaged.
ALI is not a REIT. I know, I own both PZN and
ALI. Both will do well in the long run. PZN has turned
the corner from a TA standpoint, but ALI is still
having trouble establishing a base. I have a larger
position in PZN at the current time, but am considering
adding to my ALI as they base. BTW, CMDC is also looking
intersting in the assited living segment...
im a new invester in PZN i have been watching it
for along time before i bought at 12.5/16 iv been in
the market since 1992 i think it could be a good one
some of my favorits are BUD // WWY/ WEN GOOD LUCK
You are correct. This is the second article in
Forbes that has mentioned PZN. The reason that David
Dreman likes PZN so much , is very simple.... Its ON
SALE at 5 times earnings. It has a much higher upside
than CEI , or many of the other REITS. In the meantime
while he waits for the coming capital gains he collects
a much higher than average dividend (16.75 % ) at
He was smart, and is in at 20 %. .
David Dreman runs a VALUE FUND.
And by the way, PZN
has formed a base and is on the move UP...
Is it me or is this the SECOND time now that PZN
has been mentioned in Forbes by the contrarian David
Dreman? If it's such a good stock, as David points out,
why is it languishing at 5 times earnings? Any
thoughts on this? For general REIT's I kind of like CEI
and ALI better than PZN, but I don't yet know much
about PZN. Thanks for any input...
According to Realty Stock Review PZN is "very
close" to announcing that it has lined up the $100
million equity it needs per the terms of its new credit
Has anyone heard anything about this?
My friend, strap this on (sorry, I couldn't
resist <g>). I'm going to draw my lines, look at
my charts and say $16 by Sept 10. Just a bare-butt
prediction. I was doing fine with my guesstimates in May
before PZN got nuked by Doc. I think this issue is ready
for a two-buck nudge.
Best of investing to
is that we get to the real reason when the
argument that savings are squeezed out of "some other
bastard's paycheck." Kind of reminds me of Marx's "theory
of surplus value."
What's your real agenda,
your real point? Stop incarcerating people? I doubt
that, you just want them guarded by union members. If
it's wrong for private industry to make money by
housing prisoners, why is it not just as immoral for
AFSCME guards to make a handsome living out of keeping
them locked up? Somehow, I don't think the unions are
interested in "restorative justice" if it means that state
prison populations will decline as a result.
Been watching OSSI looking for an entry point.
Liked it at 35, would have loved it at 28. I go out of
town for a week, up on Prince Edward island (no cable,
no internet, no phones in the room) and somebody has
to mention it -- closed at 30 on Friday. Nice going,
guys. Now if somebody would just say what a great
bargain FTU is...please...