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Corrections Corporation of America Message Board

  • lmtrack lmtrack Aug 17, 1999 3:18 PM Flag

    a different kind of investment now?

    check my recap and correct where
    indicated:
    With 100M bonds at 12.25, down from 400M (due to
    excess cost of funds), LOC expanded from 650M to 1000M
    (at the price of 'enhanced' rates), (some) improved
    transparency wrt CCA, the last (.55+.05) dividend paid in
    cash, the yapping law-hounds still chasing their tails
    in the kennel, and Mike Q. replacing the old guard
    at OPCO, the most interesting remaining question (to
    me) remains whether the 'Strategic Investor' will be
    brought on, or whether the 'special' will be in some
    non-cash (pick one from column A or one from column B)
    form. Since, for all intents and purposes, Doc has the
    draft pick in his pocket, it seems only reasonable that
    he will not bring on board anyone likely to be
    sufficiently assertive to cause him (more) grief down the
    road. This is why I believe that opting for the
    non-cash special is a bigger negative than many might
    suppose. It's really important to get a strong, confident,
    and knowledgeable voice added to the chorus.
    Dissonance may 'jazz' up the board, and keep Doc's attention
    focused on foresight: it's isn't a pure case of 'what
    have you done for us lately', but he does seem to have
    been resting on his (arguably well-deserved) laurels
    more than we can afford.

    Does this make PZN
    more appealing to the buy-it-and-park-it IRA
    investors, who can easily afford a 2, 3, or even 4 year
    timeframe of longer-term rebuilding while collecting
    (tax-free) returns?

    Even with a dividend cut to 1.35,
    and common appreciation to 13.50, you have 10% yield
    plus capital appreciation. Are these numbers
    conservative enough to make a tradeoff of decreased
    Beta/decreased yield scale non-linearly? Or are there enough
    buyers still out there in the high yield/high Beta camp?
    The clear decrease in ADV could be taken as an
    indication that PZN is somew

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • the management of the Company. We have a stock
      with outstanding unrealized potential. There is just a
      super lack of confidence in the Management. This is
      reflected in the covenents of the loan agreement. The
      lenders are trying to corral Doc and herd him in. They
      want to force change on the present autocratic
      management. Doc has been running the Company(s)
      single-handedly and, as of late, since the merger, has not been
      big enough for the job.
      The technical analysis
      isn't going to matter much. Management must change if
      the stock is going to take an upturn. That's written
      in stone.

    • all of the law firms that are suing PZN. Stephens
      and Bradford got $7MM for their "fairness" opinion.
      How many of us stockholders would agree with the
      "fairness" of the PZN deal ?
      Professor Thomas got $3MM
      for his "appraisal" of a stock that went from $40 to
      $9, we stockholders didn't benefit from his
      appraisal.
      Arthur Andersen and Stokes and Bartholemew
      were certainly asleep at the switch as concerned the
      interest of we stockholders. How much money did Doc pull
      out, right under their noses, without a peep out of
      them ?
      These folks ought to have to share in the
      losses that we stockholders will have to pay to clean up
      this mess.

    • PRISON REALTY CORP
      Symbol: PZN Exchange:
      NYSE


      Date Open High Low Last Change
      Volume
      08/18/99 12.19 12.25 12.13 12.25 +0.06 75700




      Composite Indicators
      Trend Spotter (tm)
      Buy

      Short Term Indicators
      7 Day
      Directional Indicators Sell
      10 - 8 Moving Average Hilo
      Channel Sell
      Price vs. 20 Day Moving Average Sell

      20 - 50 Day MACD Oscillator Buy
      20 Day
      Bollinger Bands Hold
      --- ---- ----
      short term
      indicators average - 40% Sell

      Medium Term
      Indicators
      40 Day Commodity Channel Index Hold

      Price vs. 50 Day Moving Average Buy
      20 - 100 Day
      MACD Oscillator Sell
      50 Day Parabolic Time/Price
      Sell
      --- ---- ----
      medium term indicators
      average - 25% Sell

      Long Term Indicators
      60
      Day Commodity Channel Index Hold
      Price vs. 100
      Day Moving Average Sell
      50 - 100 Day MACD
      Oscillator Sell
      --- ---- ----
      long term indicators
      average - 67% Sell

      Overall Indicators Average -
      31% Sell

    • I bought in June under 11 and have been waiting
      to round up my position, at least. Watching the
      technicals is easy compared to following these posts. Lots
      of good thinking and analysis. My view of the
      technicals is that certainly no signals exist that say buy.
      At best, the downtrend is broken and behind us, but
      from a timing aspect, the upside now outways the
      downside pressures, IMO. Buyers are not likely to be
      concerned about jail unrest; it's like a winter storm to
      the airlines, and unlikely to affect profits in a
      meaningful way, or growth for that matter.

      Probably
      OK to buy now.

      Regards.

    • See MK's 6150.

    • the similarity of reogranda's grammatical mistakes, patterns of mispelling, and insults to those of follow_the_reit? What some call "internal evidence."

    • TA not my strength but sure looks like a bad 5 day chart to me. Especially when you consider that down move has "fundamental" news behind it - the cc obviously not well received.

    • I think both of your statements are incorrect.
      The chart has not looked good since "the fall". It
      has looked OK, but not good. The MACD is not
      positive. Bollinger bands do not look good. I think we'll
      drop to at least 11 1/2 before moving up again. I do
      anticipate some activity near the gap at 15.5--hopefully
      sometime soon. Though we've had great percentage gains,
      there has been no convincing rally on volume.

    • looks very good to me as seen on clearstation. the MACD is positive and the stocastic is oversold. Looks good unless a negative story comes out or these prison problems overweigh the chart.

    • Taking into consideration the 50000 shares Crants
      and the 20000 shares Charles W. Thomas bought in May
      around 13 $ I ask myself the question : Do they know
      more than us or are we simply too short term oriented
      with this stock. It seems that all the board has
      bought.Any comments?
      SOURCE: www.freerealtime.com
      News
      July 26, 18:25 Eastern Time

      PRISON REALTY
      TRUST, INC. DIRECTOR FILES SEC FORM 4
      WASHINGTON,
      DC, Jul. 26, 1999 (States via COMTEX) -- Joseph Vance
      Russell of Nashville, TN, a Director of Prison Realty
      Trust, Inc. (SYMBOL: PZN), accumulated 20,000 shares in
      2 transactions for between $10.63 - $10.69 each
      between June 11, 19 99 and June 15, 1999. Joseph Vance
      Russell currently owns 130,442 shares. A Form 4 reporting
      the transaction was filed with the Securities and
      Exchange Commission on July 20, 1999.

      News August
      16, 22:46 Eastern Time

      PRISON REALTY TRUST,
      INC. DIRECTOR FILES SEC FORM 4
      WASHINGTON, DC,
      Aug. 16, 1999 (States via COMTEX) -- C. Ray Bell of
      Brentwood, TN, a Director of Prison Realty Trust, Inc.
      (SYMBOL: PZN), accumulated 10,000 shares for $10.56 each
      on June 25, 1999. C. Ray Bell currently owns 144,247
      shares. A Form 4 reporting the transaction was filed with
      the Securities and Exchange Commission on August 09,
      1999.
      News August 16, 22:49 Eastern Time


      PRISON REALTY TRUST, INC. DIRECTOR FILES SEC FORM 4

      WASHINGTON, DC, Aug. 16, 1999 (States via COMTEX) -- Ned Ray
      McWherter of Dresden, TN, a Director of Prison Realty
      Trust, Inc. (SYMBOL: PZN), accumulated 5,000 shares for
      $9.25 each on July 12, 1999. Ned Ray McWherter
      currently owns 10,000 sha res. A Form 4 reporting the
      transaction was filed with the Securities and Exchange
      Commission on August 09, 1999.

      PRISON REALTY TR INC
      (NYSE: PZN)
      Quote, Profile, History, News, Chart,
      Zacks, MarketGuide, StockTalk
      News August 16, 22:49
      Eastern Time

      PRISON REALTY TRUST, INC. DIRECTOR
      FILES SEC FORM 4
      WASHINGTON, DC, Aug. 16, 1999
      (States via COMTEX) -- Jackson W. Moore of Cordova, TN, a
      Director of Prison Realty Trust, Inc. (SYMBOL: PZN),
      accumulated 1,400 shares for $9.88 each on June 30, 1999.
      Jackson W. Moore currently owns 24,809 share s. A Form 4
      reporting the transaction was filed with the Securities and
      Exchange Commission on August 09, 1999.

      News
      August 16, 23:50 Eastern Time

      PRISON REALTY
      TRUST, INC. DIRECTOR FILES SEC FORM 4
      WASHINGTON,
      DC, Aug. 16, 1999 (States via COMTEX) -- C. Ray Bell
      of Brentwood, TN, a Director of Prison Realty Trust,
      Inc. (SYMBOL: PZN), accumulated 10,000 shares for
      $10.56 each on June 25, 1999. C. Ray Bell currently owns
      144,247 shares. A Form 4 reporting the transaction was
      filed with the Securities and Exchange Commission on
      August 09, 1999.

      PRISON REALTY TRUST, INC.
      DIRECTOR FILES SEC FORM 4
      WASHINGTON, DC, Aug. 16,
      1999 (States via COMTEX) -- Jackson W. Moore of
      Cordova, TN, a Director of Prison Realty Trust, Inc.
      (SYMBOL: PZN), accumulated 1,400 shares for $9.88 each on
      June 30, 1999. Jackson W. Moore currently owns 24,809
      share s. A Form 4 reporting the transaction was filed
      with the Securities and Exchange Commission on August
      09, 1999.

      News August 16, 23:53 Eastern Time


      PRISON REALTY TRUST, INC. DIRECTOR FILES SEC FORM 4

      WASHINGTON, DC, Aug. 16, 1999 (States via COMTEX) -- Ned Ray
      McWherter of Dresden, TN, a Director of Prison Realty
      Trust, Inc. (SYMBOL: PZN), accumulated 5,000 shares for
      $9.25 each on July 12, 1999. Ned Ray McWherter
      currently owns 10,000 sha res. A Form 4 reporting the
      transaction was filed with the Securities and Exchange
      Commission on August 09, 1999.

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