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Corrections Corporation of America Message Board

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  • PolyRat PolyRat Nov 11, 1999 1:57 PM Flag

    PZN : quarterly

    I was ready to dump my PZN but decided to listen
    to conference call which I felt was
    positive.
    OPCO gained 4056 new beds last
    quarter and Doc
    listed 8700 new beds
    coming on line soon. This means
    12700 new
    beds to be filled early next year and
    at
    $14.31 daily margin about $60 million in
    new revenue
    for OPCO next year. OPCO was
    supposed to lose
    money for 5 years and
    has a $100 million line of
    credit of which
    $20 million used so far.So they have
    about
    3 quarters to solve $problems. Last year I

    bought 40,000 shares SSFT down to .75 and
    people were
    calling it bankrupt. Well it
    hit 8.75 today. Same
    story CHK from .75 to
    3 1/2. I am going to hold as I
    am to chicken
    to add more PZN.

 
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