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Corrections Corporation of America Message Board

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  • newMK newMK Jul 11, 1999 10:27 PM Flag

    Please Post in a perspicacious manner

    Sorry, guys; I've read all the posts but I'm too
    tired to go back and answer this question: where did
    the idea of a strategic investor for OPCO come from?
    I could see it for PZN, but not OPCO. After the
    fateful changes announced in May, OPCO's pretty much set.
    PZN needs the money for dividends and capex. They
    also could use a new face for
    credibility.

    FWIW, OPCO can either be public (independent)or private
    (contolled, as is now the case). I prefer to have a tenant to
    whom I dictate the terms of the leases. Actually, I
    would prefer that they merge, cut the dividend by 1/2
    or 2/3 and not be a REIT (a la HOT). It's choking
    them. RP, I know you're more than sympathetic to that.
    Then again, at this point, I'd be happy continuing to
    get the big dividends. Kind of a pact with the devil
    sort of thing, though.

 
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