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Corrections Corporation of America Message Board

  • avi29 avi29 Oct 28, 1999 11:42 AM Flag

    NewMK and Abadaba7

    Since both of you accused me of laziness and told
    me to read the 200 previous posts when I asked
    questions about PZN (which I thought was the purpose of
    this bulletin board's existence), I called and spoke
    at length with Kerry Reitz in IR. Since you were
    both so rude and unhelpful to me, I will keep the
    valuable info. she passed on to me to myself.

    Drop
    the superiority complex.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • I have spoken to kerry as well, but between the "quiet period" and Doc's bombshells, I have given up expecting to get good info from IR. What have you found out?

      • 1 Reply to doctorlaszlo
      • Just because other people on this board are
        idiots doesn't mean I have to be one, so I am happy to
        share the little that I learned. Perhaps "valuable" was
        a slight exaggeration, as she probably didn't tell
        me anything she didn't tell you. The one bit of
        info. I got was that she virtually guaranteed me that
        PZN will pay the special dividend by year-end and
        maintain its REIT status - whether the dividend is cash or
        not remains to be seen. There was some speculation on
        this board that PZN might forfeit its REIT status and
        re-merge with CCA. She also told me it is unlikely that
        the Nov. 10 earnings release will have any info. on
        their year-end plans. She implied late November to
        early December as the period where the big news will
        come out.

        Doctorlaszlo, can you give me your
        opinion...If no strategic investor is found and PZN pays out
        the dividend as some form of preferred stock (which I
        think the most likely scenario), what do you think will
        happen to PZN stock?

    • You can show them you are not lazy. I'm
      appointing you to reply to all the messages from new posters
      like yourself. You will now be the one to answer all
      questions from those who haven't even looked at PZN press
      releases,c 10-Q's or read any messages here to find out what
      PZN is about. Some of these haven't even looked at a
      quote on PZN, but come on here to find out what has
      been happening over the past year or two. So now you
      will get to answer all those "I saw PZN has a 25%
      dividend. Please tell me all about this company and if I
      should invest in PZN" type questions. Don't worry,
      you'll recognize them.

      The rest of us, in the
      meantime, will be happy to help those who have tried on
      their own to find out what's going on but are confused
      as to certain aspects of what they read in the press
      releases or SEC filings and need some clarification. We
      understand that getting confused is very easy to do with
      PZN. Most of us still are somewhat confused.

      • 2 Replies to Need_High_Yield
      • the first oak leaf cluster pin on your MBMSA
        (Message Board Meritorious Service Award) medal which the
        General awarded to you for #7461.

        Now, with #7470,
        you've garnered your second cluster.

        With your
        "attitude," N_H_Y, as expressed in the aforementioned
        postings, you will have, singlehandedly, done more to
        reduce the General's consumption of Maalox and Pepto
        Bismol than any other poster to this thread.

        You
        are hereby forewarned that any continuation of such
        "good works" and you would be well advised to,
        concurrently, short Novartis and PG,
        respectively.

        Outstanding, sinply outstandaing

      • I did not ask tham "I saw PZN has a 25% dividend,
        please tell me about PZN." I posed two very specific
        questions about the company after stating my own opinion
        and specific facts. In the time it took them to tell
        me "I am not going to give you an answer" they could
        have given me three answers to my
        questions.

        And now I can say the same for you.

    • Just because someone was rude, don't withhold information from the rest of us. If you something to share, do it.

    • would that happened to have been you today buying the December 10 Calls? I bought the May 10's. Hope your right about the share price by the end of the year.

    • No sir but I have been accumulating the common.

    • Since I have not seen this question asked here
      and no reference is made in all the company
      documentation provided by PZN, can anyone advise why PZN is/was
      incorporated in the State of Maryland? Other than tax laws,
      what are the advantages of being a Maryland based
      corporation? Thanks in advance. G

    • Ooops, I mean, underwriter

      LM is
      headquartered in Towson, MD, and was one of the drivers,
      originally, and, until the late lamented excruciating events,
      a big backer of CCA/PZN.

      A coincidence? 4
      out of 5 paranoiacs agree.

    • Has laws that are about the most pro corp of any state, antitakover and in favor of mgt.Any mgt that wasn't to entrench itself loves MD.

    • are all of the fowlks taking their tax losses
      shaken out now? I've been in this for this long, I'm
      holding on now to see what happens come December 19th or
      so. Even if they only pay out a partial cash dividend
      and the regular quartely dividend, am I not getting a
      lot of return for my money? This is returning 22%
      annualized now and it appear to increase each year. If this
      stock goes up to 20, then it will still be about a 10%
      return in what appears to be a good cash flow stream,
      just some confusion from the new face. It appears to
      be quite simple. I could understand if this company
      couldn't meet it's debt covenants, but PZN has an easy out
      with dividended preferred stock at a minimum. So, you
      then stuck with the 22% return. Why is that so bad? If
      it's a whole dividend, I can realize an annual
      dividend of up to 40% for just waiting a month and a half.
      Somewhere between 22% and 40% for good cash flows doesn't
      seem that risky. I'm I missing something here? Have
      all these posters just confused everyone including
      me? Plese feel free to comment.

    • I said, "I'm not getting a lot of return for my
      money". I meant to say that it appears that I AM GETTING
      a lot of return for my investment. Forget about the
      fowlks who got in this tat 20+. Aren't most of them
      shaken out now. If I had gotten in at that level I'd
      have taken my losses in October and would buy back
      around the middle of November so I suck up the old loss
      and get the tax benefit and then turn around and get
      the 4th quarter dividend plus the Special dividend as
      gravy if it comes. What do I know, I'm just a simple
      investor.

    • View More Messages
 
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