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Corrections Corporation of America Message Board

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  • brendy45 brendy45 Nov 3, 1999 12:37 PM Flag

    Another PZN Insider Purchase

    It would really surprise me if PZN accepted an
    equity investment on very onerous terms. As we know, the
    Company can pay the special largely in paper so that it
    doesn't have to raise the equity. Why would they give it
    away below these prices when Doc and other insiders
    recently purchased shares north of these levels. The
    Company is on record as believing their stock is very
    cheap - why would they give it away? It's not like
    there is a gun pointed at their heads.

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